South Korea moves to replace renewable energy quota system with government auction model
By
@torsolarfred.bsky.social
5d ago· 4 min readenNews
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Summary
South Korea's National Assembly has advanced a bill to replace the 13-year-old Renewable Portfolio Standard (RPS) with a government-led auction system for solar and wind energy. The substitute bill, approved by a key committee, would phase out the obligation-based certificate trading model and shift to centrally procured long-term contracts. This marks a significant policy shift in South Korea's renewable energy support framework.
Key quotes
· 3 pulledSouth Korea’s National Assembly has taken a step toward replacing its 13-year-old renewable energy quota system with a government-led auction model
The proposed amendment would shift the country's solar and wind revenue support framework from obligation-based certificate trading to centrally procured long-term contracts
A substitute bill abolishing South Korea's Renewable Portfolio Standard and replacing it with a government-led auction system cleared a key National Assembly committee this week
A substitute bill abolishing South Korea's Renewable Portfolio Standard and replacing it with a government-led auction system cleared a key National Assembly committee this week.
