Economic Evaluation and Sensitivity Analysis of Solar PV Generation Business from the Perspective of Solar PV Generation Owners according to Fluctuation Scenarios of SMP and the Price of REC

Autor:	Dong-Jin Bae, Kyung-Bin Song, Su-Hwa Woo, Bo-Sung Kwon, Chan-Ho Moon
Rok vydání:	2020
Předmět:	Order (exchange) business.industry Photovoltaic system Economic evaluation Portfolio Sensitivity (control systems) Electricity Environmental economics Renewable Energy Certificate business Renewable energy
Zdroj:	Journal of the Korean Institute of Illuminating and Electrical Installation Engineers. 34:36-44
ISSN:	2287-5034 1229-4691
DOI:	10.5207/jieie.2020.34.10.036
Popis:	South Korea is seeking to promote the supply of renewable energy through its 3020 renewable energy policy. Renewable Energy Portfolio Standard(RPS) is a system that grants electricity suppliers with a mandatory supply of renewable energy in order to promote the supply of renewable energy, and supply of renewable energy is certificated by issuing Renewable Energy Certificate(REC). The solar PV generation business is long-term business and owners make profits such as System Marginal Price(SMP) and REC through solar PV generation. It is necessary to consider the fluctuation of SMP and the price of REC in order to determine the feasibility of solar PV generation business from the perspective of the owners. Therefore, the economic evaluation of solar PV generation business from the perspective of the owners is conducted applying price fluctuation scenarios of SMP and the price of REC. Through the economic evaluation of solar PV generation business, the owners decides whether to implement the business and the policy maker can decide the appropriate policy direction.
Databáze:	OpenAIRE
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