2020 green premium bidding announcement for one month from the 5th, opening on the 8th of next month
The paid green premium utilizes renewable energy investment resources through the Korea Energy Agency
[지앤이타임즈] A bid for the green premium this year’s sales volume of 17,827 GWh, a plan to support the implementation of the RE100, was announced.
KEPCO (CEO Kim Jong-gap) announced that the green premium 2021 bid, which is part of the RE100 implementation plan, will be implemented in earnest from the 5th in order to enhance the global competitiveness of companies and spread the eco-friendly value practice of consumers.
RE100, a voluntary campaign that uses 100% of corporate power as renewable energy, has 280 companies participating as of December 2020, and 6 domestic companies have also joined RE100.
Green premium, one of the government’s support plans for joining the RE100, is a voluntary fund that electricity consumers who want to purchase electricity produced from renewable energy pay separately from electricity bills.
Consumers who purchase the green premium can receive a’renewable energy use confirmation’ corresponding to the amount paid for the green premium and use it for RE100 certification.
The green premium sales volume in 2021 confirmed by the’Renewable Energy Use Deliberation Committee’ held on December 21 last year is 17,827 GWh in total, and the bid lower limit is 10 won/kWh.
KEPCO will announce the participation in the green premium bid this year and apply for about a month from the 5th to determine the final successful bid volume and price on the 8th of next month.
The target of participating in the Green Premium is general or industrial power consumers who are maintaining an electricity use contract with KEPCO as of the 5th.
On the 8th of next month, the successful bid volume and price will be individually announced to the successful bidder, and the total volume and maximum price of the successful bid will be posted on the KEPCO website.
The contract period is maintained until December 31 of this year, and the green premium is paid monthly and the renewable energy use confirmation is issued quarterly.
In addition, the green premium paid by consumers is used as a resource for renewable energy investment projects promoted by the Korea Energy Agency in accordance with related laws and regulations.
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