Solar Power Plant
Photovoltaic power plants generate profits by selling electric power from a service provider’s power plant to KEPCO (SMP) and power-generating companies (REC).
- SMP(System Marginal Price)
- Price at which the produced electric power is sold to KEPCO (원/KWh)
- REC(Renewable Energy Certificate)
- Price at which the produced electric power is sold to a power-generating company obligated to acquire the certificate of power generation/supply with new and renewable energy
New & renewable energy supply standards RPS(Renewable Portfolio Standard)
Government support policies for new and renewable energy distribution and industrial fostering
System that requires an obligated supplier to supply a certain portion of supplied energy using new and renewable energy
Obligated supplier: Those who own power-generating facilities of at least 500,000kW (500MW) capacity
Korea Hydro & Nuclear Power Co., Ltd.Korea South-East Power Co., Ltd.Korea Midland Power Co., Ltd.Korea West Power Co., Ltd.Korea South Power Co., Ltd.Korea East-West Power Co., Ltd.Korea District Heating Corp.Korea Water Resources CorporationSK E&S
GS EPSGS PowerPOSCO EnergyMPC Yulchon Generation Co., Ltd.Pyeongtaek Energy Service Daeryun Power Co., Ltd.S-PowerPocheon PowerDongducheon Dream Tower Co., Ltd.
The obligated supplier proves the fulfillment of supply duty by submitting the supply certificate (REC). REC (Renewable Energy Certification) : Certificate of new∙renewable energy supply
Those who fail to supply the designated quantity of energy are subject to surcharges.
Obligated supply quantity per yearObligated supply quantity per year = Total power generation quantity (new and renewable energy generation excluded) X Obligated supply ratio (%)
Relation composition
