Photovoltaic Power Applications in South Korea
This content provides insights into the photovoltaic power applications in South Korea, including retail electricity prices, total PV capacity, power stations from renewable energy, annually installed PV capacity, and feed-in tariffs program from 2002 to 2011. It covers information on market share, capacity generation, and electricity pricing in South Korea's energy sector.
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Photovoltaic Power Applications in South-Korea For FinSolar Project Aalto University School of Business 9.2.2015 Kim Yukyeong
Retail electricity prices in Korea For Household kWh monthly Fixed rate + Electricity rate -ct/kWh -ct/kWh < 100 0,33 5 -ct/kWh 201-300 1,28 15 -ct/kWh 401-500 5,84 33 -ct/kWh > 500 10,35 57 For Industry & Commercial Depends on the season (summer is higher), usage voltage and capacity price; basic rate per kW (alle 7 /kW) + electricity rate (alle 10 -ct/kWh) Market share KEPCO control/manage the whole electric market in Korea Korea Electric Power Corporation, KEPCO
Total capacity of PV & Generation of electricity from PV Total electricity generation capacity v2013 Generated electricity during the v2013 unit MW % GWh % PV 1 555 1,8 1 605 0,29 Renewables *9 973 *11,5 21 438 3,86 Total 86 969 100 555 672 100 Source: Korea Energy Management Corporation Total energy consumption(demand) v2013: 474 849 GWh *annual report IEA-PVPS-2013-Korea
Power stations from renewable energy in Korea 1.2015 Number of power stations Capacity (MW) 9 273 1 894,2 PV 85 641,6 Wind 153 1 767,0 Hydro 130 2 095,9 Others ** 9 641 6 398,7 Total 94 102 Total capacity from all technology **others; tidal, bio, fuel cell KEMCO (Korea Energy Management Corporation), update 30.1.2015 https://www.renewableenergy.or.kr/spc/stats/powerstation/selectPowerStationList.do
Annually installed PV capacity 2000 accumulated capacity 1800 1600 annually installed capacity 1400 1200 MW 1000 800 600 400 200 0 2007 2008 2009 2010 2011 2012 2013 2014 RPS v2012 Approx. 1,2 GW FIT - v2011 annual report IEA-PVPS-2013-Korea + KEMCO
Feed-in Tariffs program (v2002-2011) Sell electricity directly to KEPCO with fixed price ( -ct/kWh) for 15(20)years Year Period Under 30 kW Under 1 MW Over 3 MW Rooftop -ct/kWh Ground mounted -ct/kWh year 2006 15 57 ? ? 2008 15 57 ? ? 2010 15 48 41 33 20 44 37 30 2011 15 43 35 28 20 39 32 25 **2015 - ? 24 ** Under RPS program; sell electricity (SMP) directly to KEPCO + sell REC (renewable energy certificate) to the power generation company (REC price 7 -ct/kWh 9.2014)
National programs Renewable Portfolio Standards (v2012-2022) Mandated requirement that the electricity utility business source a portion of their electricity supplies from renewable energies (company over 500MW) Home Subsidy Program (One Million Green Homes, v2004-2020 ) This program was merged the existing 100 000 rooftop PV system installation program (gov supports some of installation cost, household < 3kW) Building Subsidy program (v2012- Government supports up to 50% of installation cost for PV systems with a capacity below 50 kW (benefited 20MW) Regional Deployment Subsidy program The government supports 50% of installation cost for PV systems owned and operated by local authorities (benefited 71MW) NRE Mandatory Use for Public Buildings The new buildings of public institutions, the floor area over 1 000m2 are obliged to use more than 10% of their total expected energy by the newly installed renewable energy resource systems (up to 30% v2020)
Renewable Portfolio Standards (RPS) Electrical power generation companies (yli 500 MW capacity, total 14 utilities v2014) should supply some portion of electricity from renewables. Need to meet targets for a proportion 2% (v2012) up to 10% (v2022). How? Build their own plant or buy REC(renewable energy certificate). Penalty payments charged for any shortfalls. Required rate, Obligatory supply rate by suppliers vuonna 2012 2013 2014 2015 2016 2017 2018 2020 2022 % 2,0 2,5 3,0 3,5 4,0 5,0 6,0 8,0 10,0 GWh 6 420 9 210 11 579 ? * GWh from PV 276 723 1 353 1 971 - *requirement from Photovoltaic power (until 2015).
Obligators under RPS program v2014 Companies yli 5MW capacity (NRE plants excluded) 6 major companies (KEPCO) yli 5GW capacity Main power Total capacity (MW) *Capacity from renewable (MW) Korea Hydro & Nuclear Power Nuclear and hydropower 130 26 138 Korea South-East Power Thermal 73 11 640 Korea Midland Power Thermal 20 8 434 Korea Western Power Thermal 135 8 909 Korea Southern Power Thermal 47 9 217 Korea East-West Power Thermal 64 9 139 8 others (public + private) over 5MW capacity Korea district heat corporation, Korea Water Resources corporation Posco energy, SK E&S(14,5MW), GS EPS, GS power, MPC Yulchon , Pyeongtaek energy service ! Data from companies website !
Links International Energy Agency (IEA) Photovoltaic Power Systems Programme (PVPS) http://www.iea-pvps.org/index.php?id=146 National survey reports New and Renewable Energy Center, Korea Energy Management Corporation http://www.energy.or.kr/knrec/14/KNREC140300.asp Renewable Energy Annual Report (only in korean) Renewable Energy Korea https://www.renewableenergy.or.kr/spc/stats/supply/selectSupply.do (korean) http://www.renewableenergy-korea.com/ resources/selectResourcesList.do?bbsId=BBSMSTR_000000005761 Korea Energy Management Corporation http://www.kemco.or.kr/ Korea Electric Power Corporation http://cyber.kepco.co.kr/kepco/EN/main.do
