It is a business that makes profits by selling solar power generated by building solar power facilities to KEPCO
and RPS obligatory implementers. It is a renewable energy business that has been in the spotlight due to carbon
reduction and the government's policy to supply renewable energy.
It uses 100% solar energy to generate electricity, which is an eco-friendly energy source that does not emit carbon dioxide.
The solar power plant can expect 88,000 tons of carbon dioxide reduction effects per 100kw base year.
This can be expected to have the same level of effect as planting about 485 trees.
Stable Profit Structure (SMP + REC)
The solar power generation business has a very stable profit structure due to government policies and transactions with Electric Power Corporation (Utilities). Solar power revenue is generated in two forms: SMP and REC revenue, SMP revenue is generated through KEPCO every month, and REC revenue can be traded with RPS companies through spot market or fixed transaction contracts.
System Marginal Price
System Marginal Price (SMP) is applied equally to power generation companies by KEPCO.
It is calculated based on the highest unit price for each time zone.
The solar power generation companies can also generate profits according to the monthly power generation by applying the SMP unit price.
About RPS / REC ?
In order to revitalize the renewable energy business, the government mandates that power generation businesses (suppliers) of a certain size or larger should supply more than a certain percentage of their total power generation to renewable energy. Power generation businesses (suppliers) that are applied to the RPS system can produce their own mandatory amount of renewable energy or purchase it through small solar power operators. The certificate that proves that the power generation business used renewable energy facilities to produce and supply electricity is REC, and REC businesses are divided into spot and long-term markets.