• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.44-45
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• 2014

Recently the Korean government also has strictly restricted a law such as GBCC(Green Building Certification Criteria)and RPS(Renewable Portfolio Standard) on the construction. Especially the government announced a obligation of renewable energy consumption over 12% for all the public buildings of total area over 1,000㎡ since 2014. Regarding to the policy, this study presented the economics of energy analysis of the public office buildings that supplies 12% renewable energy output in the early stage of construction project. This paper calculated on CO₂ emission by the geothermal, solar heat, and solar photovoltaic system and estimated the saving cost. Reduced cost through the energy saving are predicted to influence on the total construction cost. As a result air pollution and energy saving cost are expected that renewable energy system would be saving total initial cost of construction on planning phase.

• New & Renewable Energy
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• v.1 no.3 s.3
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• pp.24-34
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• 2005

Ministry of Commerce, Industry [MOCIE] has taken it into consideration to introduce a Renewable Portfolio Standard (RPS) that is a purchase obligation program as an alternative plan to the FIT. We conducted a survey of renewable energy companies and experts to ask their opinions about renewable energy policy, the introduction of the RPS, and the scheme for aid of North Korea with renewable energy. Korean renewable energy companies show an impartial opinion about a FIT and a RPS system overall, although they tend to have distinctive opinions by technology each other. With respect to eligible resources for a RPS, the industries want to extend the scope of it as broad as possible. In addition, experts prefer the multi-tiered and energy production based RPS to the sing1e-tiered and installed capacity based RPS. We also conducted a surrey to find the best renewable energy sources. Wind, Geothermal, Solar-thermal, and Photovoltaic were selected to have the best potential capacities to support North Korea by renewable energy experts. However, these energy resources also have several problems to overcome in the aid of North Korea, and thus, the plans for solving them and for giving efficient support to North Korea in the area of Renewable Energy are discussed.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.729-751
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• 2005

RPS(Renewable Portfolio Standards) is an institutional device to promote use of renewable energy through market mechanism by making renewable energy to constitute a pre-announced portion of the electricity production. We measure economic impacts of the introduction of RPS to domestic electricity market at the levels of electricity market, individual industrial sectors and the economy as a whole. First, we examine the TREC(Tradable Renewable Energy Credits) market, where the credits in excess of the obligation of the renewable energy production are sold to those who have to meet the obligation through purchased credits. We then measure end-users' additional cost originating from the introduction of RPS and TREC in electricity production, and their impacts on price and supply in the retail electricity market. Next, using input-output analysis, we measure economic impacts of the changes in retail price and supply on individual industrial sectors and the economy as a whole. Among many others, we find small price effect and large GDP effect - sectoral electricity price rises at around 5%, sectoral price level rises by 0.258%, and sectoral GDP declines by 1.940% on average by the year 2011.

• Environmental and Resource Economics Review
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• v.31 no.1
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• pp.51-83
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• 2022

Renewable Portfolio Standards (RPS), one of the most commonly adopted regulation for renewable energy expansion since 2012, has the obvious advantage of inducing competition in power generation source and alleviating the government's financial burden. However, the abuse of credit multipliers and the use of national Renewable Energy Credits (RECs) have resulted in the distortion of RPS as a quantitative control policy. Just as no face value 10 years ago can hold its real value, this paper highlights for the first time that 27.8% of total renewable obligations over the total RPS period were not actually met due to REC inflation and the consequent decline in the value of renewable energy generation. In addition, the distortion of face/real value of REC causes problems in interoperability with other government policies such as RE100 and Emission Trading System.

• Journal of Energy Engineering
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• v.19 no.4
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• pp.251-257
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• 2010

Korea have a plan to enforce the Renewable Portfolio Standard(RPS) in 2012 for climate change action and effective use of energy but because of lack of renewable energy resources and limits of technology development, it will be hard to fullfill a target for RPS obligation in domestic power generation sector and woodchip biomass cofiring with coal combustion is the one of the alternative methods of the goal. Woodchip biomass cofiring with coal combustion is easy to approach technical design and has competitiveness of $CO_2$ & renewble energy certificate benefit and also has much lower generation cost than any other renewable energy resources. Because of that reason, woodchip biomass cofiring with coal combustion should be needed to fullfill the goal for RPS obligation in domestic power generation sector with midlong-term direction.

• Journal of the Korea Society for Simulation
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• v.23 no.4
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• pp.1-8
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• 2014

Cloud computing helps big data processing to make various information using IT resources. The government has to start the RPS(Renewable Portfolio Standard) and induce the production of electricity using renewable energy equipment. And the government manages system to gather big data that is distributed geographically. The companies can purchase the REC(Renewable Energy Certificate) to other electricity generation companies to fill shortage among their duty from the system. Because of the RPS use voluntary competitive market in REC trade and the prices have the large variation, RPS is necessary to predict the equitable REC price using RPS big data. This paper proposed REC price prediction method base on fuzzy logic using the price trend and trading condition infra in REC market, that is modeled in cloud computing environment. Cloud computing helps to analyze correlation and variables that act on REC price within RPS big data and the analysis can be predict REC price by simulation. Fuzzy logic presents balanced REC average trading prices using the trading quantity and price. The model presents REC average trading price using the trading quantity and price and the method helps induce well-converged price in the long run in cloud computing environment.

• Transactions of the Korean hydrogen and new energy society
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• v.26 no.5
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• pp.484-492
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• 2015

As our government is actively introducing the RPS (Renewable Portfolio Standards) as a national renewable energy obligation policy, power producers are using the various renewable energy to meet the RPS supply quota since 2012. Recently, it is appling to use power bio-fuel oil in bio-fuel oil demonstration project with power companies. In general, power bio-fuel oils are composed of mixture products of vegetable oil, animal fat, fatty acid ester and waste oil. It is already developing for a power plant as a renewable energy abroad. In Korea, it is studying a 100% combustion and blended combustion of heavy fuel oil and bio-fuel oil. In this study, we investigated fuel characteristics of mixed power bio-fuel oil and its emission performance. Especially, it was reduced emissions of bio-oil in industrial boilers due to bio-fuel properties as compare with fuel oil.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.53 no.5
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• pp.275-284
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• 2004

This paper analyzes the environmental impact and economic effect of introducing the Renewable Portfolio Standard (RPS) into Korean electricity market using the DECADES (Database and Methodologies for Comparative Assessment of Different Energy Source for Electricity Generation) model, a comparative assessment tool developed by IAEA. A bottom up approach is adopted for the evaluation of air pollutant emission and its impact of several RPS scenarios. The environmental damage costs of RPS scenarios are evaluated based on the Extern-E results and Thailand externality study carried by EGA T. The results of this study can be applied in determining or analyzing the national electricity policy and energy policy.

• Journal of the Korean Solar Energy Society
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• v.33 no.6
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• pp.98-104
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• 2013

At the moment, in Korea, over 90% of energy resources depend on imports, and nearly 60% of electric energy is produced using fossil fuel. Therefore, the government adopted the Climatic Change Convention and has implemented the RPS system since 2012 to actively cope with the dependence on imported energy, and to grow and expand the new renewable energy industry. This study examined the performance results of mandatory supply of solar photovoltaic energy and non-solar photovoltaic energy assigned to providers and the present state after implementation of the RPS system. As a result, the achievement rate in 2012 was 64.7%. Especially, solar photovoltaic energy showed a high achievement rate of 95.7%, whereas non-solar photovoltaic energy showed a low achievement rate of 63.3% due to several problems and was highly dependent on the government. In 2013, the burden of each provider has increased due to more mandatory supply and addition of unfulfilled supply of 2012, and the separate mandatory supply of solar photovoltaic energy established for protection of the solar photovoltaic market is restricting investment. Therefore, there is a need to assign mandatory supply in consideration of the available amount of each new renewable energy.

• Journal of Technology Innovation
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• v.28 no.2
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• pp.1-36
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• 2020

While the policy intervention of each country for the promotion of renewable energy is strengthened, Korea introduced Feed-in Tariff (FIT) in 2002 to directly support the development of renewable energy. But in 2012, the shift of policy instrument that from FIT to Renewable Portfolio Standard (RPS) is occurred. This is a unique background that is currently found only in Korea, and new answers that focus on the outcomes of the shift of policy instruments are needed in addition to the existing discussion of comparison of FIT and RPS. Therefore, this study analyzed the change of policy efficiency after the shift to RPS using Data Envelopment Analysis(DEA) and Malmquist Index. In the result of analysis, a difference in the improvement of policy efficiency after in shift to RPS is found among each renewable energy source. This result is because renewable energy companies voluntarily entered the market only for energy sources that have secured technology or price competitiveness, and this indicates that the performance of renewable energy after the RPS shift has been concentrated on specific energy sources. As a result of this study, considering that the goal of renewable energy policy is to expand distribution and to drive growth engines, multi-faceted analysis is required in consideration of technology and market in selecting policy instruments.