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Policies of electricity business  

Policies on prices to generate power using new, recyclable energy-Ministry of Knowledge Economy #2008-45

 
<Table 1-3> Time table for solar energy use and unit price based on applicable period(Won/kWh)
Period

Valid

Less than 30 kWh

More than 30 kWh

~’08.9.30

15 years

711.25

677.38

’08.10.1 ~ ’09.12.31

Period

Less than 30 kWh

30 kWh~ 200 kWh

200 kWh ~ 1MW

1MW ~ 3MW

More than 31MW

15years

646.96

620.41

590.87

561.33

472.70

20years

589.64

562.84

536.04

509.24

428.83

’10.1.1 After

20years

To be re-established every year

 
Policy to support houses using solar energy (year 2009)  
* Outline

The policy is to encourage the use of solar energy in general, public, and rental houses so that related enterprises may have a better invest environment in which to further develop the market and, in the long term, to promote exports of technology by financially supporting a part of installation costs.

- 60% supported by the government for people in need of solar energy (40% to be paid by on their own)
- About 9,300,000 won per facility of 1Kw § 2Kw ~ MAX 3Kw depending on volume of use

<Standards for solar energy installation in residences >
Solar energy
Volume(kw/Month)

Less than 2kw

Less than 2.5kw

Less than 3kw

Less than 300kw

O

-

-

More than 300kw ~ Less than 350kw

-

O

-

More than 350kw

-

-

O

※ Volume is to be selected based on electricity use per year, houses using less than 300 kw are eligible for installation
- Reference : http://www.energy.or.kr
 
Supporting organizations  
National and local autonomous entities Organizations receiving government contributions (More than 50 hundred million won per year) Organizations receiving government financing Local autonomous entities, organizations receiving government contributions and investments, and government-financed organizations will pay half or more of capital expenditure Cooperation-financed capital of more than 50 hundred billion, cooperations established by special laws