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Policy mix of renewable portfolio standards, feed-in tariffs, and auctions in South Korea: Are three better than one?

Tae-hyeong Kwon

Utilities Policy, 2020, vol. 64, issue C

Abstract: 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)
Date: 2020
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DOI: 10.1016/j.jup.2020.101056

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