Business Field

RPS
Solar Power Plant


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01Electricity Sales Profits = Annual Generation (kwh) x SMP Price (won/kwh)
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02RCE Sales Profit = Annual Generation (kwh) x Weight x REC Price (won/kwh)
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03Annual Generation (kwh) = Installed Capacity (kwh) x Daily Generation Time (3.6 hours on average) x 365 days

mandatory to supply more than a certain ratio (the mandatory supply) of the gross generation by using new and renewable energy
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01SMP (Contractor:Korea Electric Power Corporation, KEPC)Purchase Price from KEPC at the system marginal price
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02REC (Contractor:Power generation company obligated to supply)Price of Supply Certificate issued by Energy Management Corporation
Division | Target Energy and Standards | Weight of Supply Certificate | |
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Installation Type | Detailed Standards | ||
Solar Energy | General Site | Small Scale (less than 100kW) | 1.2 |
Medium Scale (100kW~3MW) | 1.0 | ||
Large Scale (exceeding 3MW) | 0.8 | ||
Existing Facilities including buildings, etc. | Small Scale (less than 100kW) | 1.5 | |
Medium Scale (100kW~3MW) | 1.5 | ||
Large Scale (exceeding 3MW) | 1.0 | ||
Water Sunlight | Small Scale (less than 100kW) | 1.6 | |
Medium Scale (100kW~3MW) | 1.4 | ||
Large Scale (exceeding 3MW) | 1.2 | ||
Forest | - | 0.5 | |
Housing | - | 1.0 |
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Trading MethodOnline Transaction at the new renewable one-stop integrated portal of Korea Power Exchange (onerec.kmos.kr)
Trading Market Type | Contract Market | Spot Market | |
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Tender for Fixed Price Contract | Korean FIT | ||
Progress Subject | Korea Energy Agency | Korea Power Exchange | |
Target Energy Source | Sunlight | Small Sunlight | Sunlight |
Conclusion Date | In case of a notice of tender | Always | Every Tuesday and Thursday at 10~16 pm |
Reference | Before the conclusion date, REC can only be traded in spot. | The contents cannot be revised and cancelled after a successful bid. The outstanding orders are automatically cancelled after 16:00. |
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Spot MarketSell for trading hours in a two-way bidding method, the buyer trades by voluntarily bidding for the quantity and price.
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Contract MarketTrade by contracting the quantity, a price, etc. with a supply obligator through a selection contract by fixed price, Korean FIT or a self-contract


-Exceed 3,000kW : Ministry of Commerce Industry and Energy

-In parallel with permission for farmland conversion, permission for mountain land conversion, etc. according to locations

-More than 10,000kW : Authorized by Ministry of Commerce Industry and Energy





Korea Electric Power Corporation or Korea Power Exchange
-Exceed 1,000kW :
Korea Power Exchange

-Issue : New Renewable Energy Center / Transaction : Korea Power Exchange

(Within 1 month after inspection before use)

-Exceed 3,000kW : Ministry of Commerce Industry and Energy
Real-time Power Supply Status


Supply Capacity
96,669 MW
Current Load
63,136 MW
Power Supply Reserve
33,524 MW
Power Supply Reserve Ratio
53.09%
Today’s SMP
Trading Date | 2023. 12. 09(Sat) |
---|---|
Highest Price | 126.06 |
Lowest Price | 100.43 |
Average Price | 119.46 |
Trading Date | 2023. 12. 09(Sat) |
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Highest Price | 215.48 |
Lowest Price | 100.43 |
Average Price | 140.53 |
Today’s REC
Trading Date | 2023. 12. 07(Thu) | Trading Volume | 125,028 |
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Average Price | 76,856 | Highest Price | 77,500 |
Lowest Price | 70,100 | Closing Price | 75,800 |