Green Power: Renewable Portfolio Standards (RPS)
The RPS (Renewables Portfolio Standard) System is aimed at furthering the use of new energy by annually imposing an obligation on electricity retailers to use a certain amount of electricity from new energy. This amount is established according to retailed electricity quantities, to ensure the stability and suitability of energy supply based on the Special Measures Law Concerning the Use of New Energy by Electric Utilities.
Electricity retailers may choose to meet their obligations from the following options:
- By generating electricity from renewable sources itself.
- By purchasing the new energy electricity from another party
- By purchasing New Energy Certificates from another party.
Eligible RE electricity to be considered under the RPS requirements was:
- Solar generation;
- Wind generation;
- Biomass
- medium and small-sized hydro generation (stations up to 1MW capacity)
- geothermal generation
The RPS scheme eneded in 2012. The scheme was replaced by the Feed-in tariff for electricity from renewable energy sources scheme.
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