Business Areas
The Renewable Portfolio Standard (RPS) is a policy that mandates power generators with a certain capacity (500MW or more) to supply a specified proportion of their total electricity generation (the obligated supply amount) from renewable energy sources.
Year | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
---|---|---|---|---|---|---|
Percentage (%) | 2.0 | 2.5 | 3.0 | 3.0 | 3.5 | 4.0 |
Obligated Supply (GWh, thousand RECs) |
6,420 | 9,210 | 11,577 | 12,375 | 15,081 | 17,039 |
Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentage(%) | 5.0 | 6.5 | 7.0 | 9.0 | 12.5 | 13.0 | 13.5 | 14.0 | 15.0 | |||||
Obligated Supply (GWh, thousand RECs) |
21,999 | 26,966 | 31,401 | 35,588 | 39,206 | 47,439 | 58,673 | 78,622 | 62,626 | 85,172 | 63,819 | 86,156 | - | - |
Category | Weighted Factor | Target Energy and Criteria | |
---|---|---|---|
Installation Type | Detailed Criteria | ||
Detailed Criteria | 1.2 | General Sites | Under 100kW |
1.0 | From 100kW | ||
0.7 | Exceeding 3,000kW | ||
1.5 | Existing Facilities (Buildings, etc.) | Under 3,000kW | |
1.0 | Exceeding 3,000kW | ||
1.5 | Floor Installations on Water Surfaces | ||
1.0 | Self-generation Equipment | ||
5.0 | ESS Equipment (Linked with PV Facilities) | 2016, 2017, 2018 (Until June 30th) | |
Other Renewable Energy | 0.25 | IGCC, by-product gas | |
0.5 | Waste, landfill gas | ||
1.0 | Hydro, onshore wind, bioenergy, RDF full combustion generation, waste gasification generation, tidal (with embankment), power trading through self-generation equipment | ||
1.5 | Wood biomass full combustion generation, offshore wind (connected distance within 5km), water thermal energy | ||
2.0 | Fuel cell, tidal currents | ||
2.0 | Offshore wind (connected distance over 5km), geothermal, tidal (with embankment) | Fixed type | |
1.0 ~ 2.5 | Variable Type | ||
5.0 | ESS Equipment (Linked with Wind Facilities) | 2015 | |
5.0 | 2016 | ||
4.5 | 2017, 2018 (until June 3rd) |
Source: Korea Energy Agency, New and Renewable Energy Center
For installations up to 3MW: Permit granted by the local government
For installations exceeding 3MW: Permit granted by the Electric Power Regulatory Commission
Based on the Electric Utility Act
Conducted by the Korea Electrical Safety Corporation
Contracts with the Korea Power Exchange (KPX); for installations up to 1MW, contracts can be made with KEPCO
Report the commencement to the relevant local government
Within one month from the date of pre-use inspection, report to the New and Renewable Energy Center
Issuance: By the New and Renewable Energy Center
Trading: Through the Korea Power Exchange (KPX)
- Preliminary Site Survey
- Data Based Objective Analysis
- Line Review
- Electricity Business Permit
- Development Activity Permit
-> Review of latest related laws and ordinances
- Optimal Layout of Modules
- Selection of Self-produced and Reliable Equipment
- Dedicated Construction Team Operation
- Operation of Dedicated O&M Company
- Branch Offices Operation (Seoul, Daejeon, Gwangju, Changwon, Gangjin)
- Specialized Engineer
WCP 3MW Rooftop PV Plant
HKC 6MW Rooftop PV Plant
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