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The Effect of the Renewal Portfolio Standards(RPS) on Electric Power Generation in Korea

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2016, 27(2), pp.131-160
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

김준영 1 Sung-Bae Kim 2 Park, Sangook 2

1숭실대학교 행정학과 석사과정
2숭실대학교

Accredited

ABSTRACT

The purpose of this study was to analyze the effects of RPS, if any, on the increased generated outputs of new renewable energy. The study conducted empirical analysis of new renewable energy generation outputs in 16 cities and provinces for ten years between 2005 and 2014 to analyze the effectiveness of RPS. A model was set to assess the effects of RPS by analyzing previous studies and domestic cases of RPS for more detailed analysis. Considering that the objective of RPS was the increased generated outputs of new renewable energy, the investigator set the generated outputs of new renewable energy comprised of solar, wind, bio, fuel cell, and ocean energy as a dependent variable. Independent control variables include economic, power, and energy factors that were external factors that could influence the generated outputs of new renewable energy in addition to RPS. The analysis results show that RPS had positive effects on the increased generated outputs of new renewable energy, which empirically confirms that RPS based on its legal force was effective for increasing the actual generated outputs of new renewable energy in domestic cases. Of other control variables, system marginal prices related to the profit of new renewable energy businesses had effects on the generated outputs of new renewable energy.

Citation status

* References for papers published after 2022 are currently being built.