Effect of increased wind penetration on system prices in Korea's electricity markets

A. Shcherbakova, A. Kleit, S. Blumsack, J. Cho, and W. Lee

Wind Energy (1 October 2014)

DOI: 10.1002/we.1645

In this paper, we examine the effect of increased wind penetration on system marginal prices (SMPs) in South Korea's electricity market. Korea's renewable portfolio standard (RPS) went into effect in 2012, with a goal of increasing the share of renewable generation to 10

keywords: increased wind penetration; renewable portfolio standards; system marginal price; South Korea

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