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Renewable Energy Bidding System in Jeju

Sector: Power Generation (CCGT) • Location: South Korea

Source: Argus Media

Project
Planned

South Korea plans to allow renewable power producers to compete in the electricity market, starting with a pilot project in Jeju province from February 2024. This project includes the introduction of a renewable energy bidding system, a real-time market, and an auxiliary service market to enhance the flexibility and efficiency of the power system.

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Project Information

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The project “Renewable Energy Bidding System in Jeju” is an infrastructure initiative in the Power Generation (CCGT) sector, located in South Korea. Taiyo aggregates data on it from Argus Media.

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Participants

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Status

Original status

planned

Taiyo status

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Email

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Description

Description

South Korea plans to allow renewable power producers to compete in the electricity market, starting with a pilot project in Jeju province from February 2024. This project includes the introduction of a renewable energy bidding system, a real-time market, and an auxiliary service market to enhance the flexibility and efficiency of the power system.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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