Policy mix of renewable portfolio standards, feed-in tariffs, and auctions in South Korea: Are three better than one?
Utilities Policy, 2020, vol. 64, issue C
This study examines the effects of policy mix supporting electricity from renewable energy sources (RES-E) in South Korea. South Korea relies on a renewable portfolio standard as the main support scheme along with a feed-in tariff and long-term supply contract auctions as complementary schemes to support RES-E. This study investigates whether there is synergy among RES-E support policies. It also investigates how the policy mix affects RES-E markets. Although this study only focuses on a particular case of Korea, a policy mix generally can be an effective way to overcome the drawbacks of a single policy instrument in supporting RES-E.
Keywords: Feed-in tariff; Renewable portfolio standard; Auctions (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:64:y:2020:i:c:s0957178720300515
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