|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Agency:||Ministry of Commerce, Industry and Energy (MOCIE)|
|Funding:||KRW 3.5 billion|
The government determined a standard price for renewable energy power generation in order to support the usage of new and renewable energy sources (NRE). The extra costs of power generators incurred by the usage of NRE, instead of fossil fuels, are compensated for by the government.
|This record is superseded by:||New and Renewable Energy Building Subsidy|
Last modified: Tue, 25 Jun 2013 11:45:38 CEST