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Conditions to Introduce the Renewable Portfolio Standards in Korea  

Chang, Han-Soo (Department of Energy Studies, Graduate School, Ajou University)
Choi, Ki-Ryun (Department of Energy Studies, Graduate School, Ajou University)
Kim, Su-Duk (Department of Energy Studies, Graduate School, Ajou University)
Publication Information
Journal of Energy Engineering / v.14, no.2, 2005 , pp. 82-97 More about this Journal
Abstract
RPS (Renewable Portfolio Standards) is a policy tool to disseminate renewable energies through market mechanism. RPS promotes renewable power generation by obligating electricity market participants to deliver the required amount of electricity from renewable energies. To promote and encourage renewable energies, Korean government is considering to introduce RPS to domestic market in the near future. The purpose of this paper is to analyze the definition and market mechanism of RPS and to review key considerations in its design. In conclusion, we recommend some prerequisite in its introduction to Korea.
Keywords
RPS(Renewable Portfolio Standards); New and renewable energy; Electricity market;
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