Power purchase agreements will be allowed between renewable energy producers owning plants with a capacity of more than 1 MW and electricity consumers. Local utility Kepco, however, will keep serving as an intermediary.
January 7, 2021Emiliano Bellini
South Korea’s Ministry of Trade, Industry and Energy, in Sejong City.
Image: Minseong Kim/Wikimedia Commons
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has announced it will allow domestic electricity consumers to buy power from renewable energy power producers through power purchase agreements (PPAs).
“Both industrial and general consumers of electricity can participate in the K-RE100 system through registration at the state-run Korea Energy Agency. Electricity from renewable sources will be procured through the green premium system … third-party power