South Korea will soon introduce revised rules that will
require most electric power service providers here to
begin replacing an increasing part of their supplies
with power generated from renewable energy sources, the
government said Sunday.
"The government has completed revising all its
related regulations and decrees on the development, use
and distribution of renewable energy to introduce a new
Renewable Portfolio Standard (RPS)," the Ministry
of Knowledge Economy said in a press release.
According to the ministry, the RPS requires all electric
power companies generating and selling more than 500
megawatts of electricity per hour to gradually increase
the proportion of their power supplies generated from
renewable energy sources from 2 per cent in 2012 to 10
per cent in 2022.
The new government rules on the use of renewable energy
will be announced next month and will be officially enacted
from the beginning of 2012, the ministry said.
The government move to promote the use of renewable
energy also calls for aggressive steps from consumers.
Starting next year, all government and state-run enterprise
buildings with an office space of 1,000 square meters
or larger must use renewable energy sources for at least
10 per cent of all of their energy needs. The rate increases
to 20 per cent in 2020, according to the ministry.
"With the introduction of RPS, a new market of
49 trillion won (US$42.2 billion) for renewable energy
will be created by 2022," it said.
The move comes as the government is working to increase
the country's use of renewable energy from the current
1 per cent of all energy consumption to more than 20
per cent by 2020.
To this end, the country is planning to build 1,000
five-megawatt wind turbines in the Yellow Sea by 2019,
creating up to 5 gigawatts of electricity per hour, equivalent
to the amount of electricity generated by four nuclear
reactors, according to ministry officials.
The government also has plans to build 11 nuclear reactors
by 2030 to increase the proportion of nuclear power to
nearly 30 per cent of all energy supplies from the current
14 per cent, they said.
South Korea currently has 20 nuclear reactors in operation
and is building eight new reactors.
Source: Yonhap news agency, Seoul, in English 0201 gmt
19 Sep 10