Solar Power Generation Business
It is the business of selling the power generated from new & renewable energy, defined in the Promotion of the Development and Use of New and Renewable Energy Law.
RPS (Renewable Portfolio Standard)
What is RPS?
It is an obligatory policy for power supply business operators, which have more than 500MW power plant, to constitute certain proportion of its generation output with new & renewable energy.
Contents of the Business
Supply duty range
(14 Companies in 2014): Korea Hydro & Nuclear, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, Korea East-West Power, Korea District Heating Corporation, The Korea Water Resources Corporation, SK E&S, GS EPS, GS Power, Posco Energy, MPC Yulchon Power, Pyeongtaek Energy Service
Necessary Output Proportion for each Year
Necessary Output Level for each Year
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.0 | 3.5 | 4.0 | 4.5 | 5.0 | 5.0 | 6.0 | 7.0 | 8.0 | 9.0 | 10.0 |
REC, Renewable Energy Certificate
· REC is for authenticating that the power is generated by new & renewable energy facility. Subjects of RPS policy can afford required output by purchasing REC.
· The issue of REC is granted for the amount—multiplication of required output of new & renewable energy with weighed value, considering the capacity of the plaint on MW/h basis.
RPS Policy for Power Producers
Participation Process
REC Issue
Transaction Process
