1. Reasons for Proposal

This Partial Amendment aims to newly establish regulations on new and renewable energy certificate transaction methods for fixed price contracts, thereby clarifying the new and renewable energy certificate transaction methods used in case of changes to the method for settlement of electricity trading prices; change the charging/discharging time for application of weighted values for ESS facilities, thereby improving the system to support electricity demand patterns and electricity supply; and include failure to implement disaster prevention, safety, and damage recovery measures in the grounds for non-application of new and renewable energy certificate weighted values, thereby improving power suppliers’ implementation of safety activities.

2. Major Provisions

A. Newly establish regulations on new and renewable energy certificate transaction methods for fixed price contracts

- Prescribe that the definition of fixed price contracts in subparagraph 22 of Article 3 shall be in accordance with these Guidelines and transfer the contents of the proviso to Article 10-3 (1) (Article 3, main clause)

- Newly establish regulations prescribing that in the case of new and renewable energy certificates for fixed price contracts, all such certificates supplied from the month of the date of the contract shall in principle be transferred to the mandatory supplier (Article 10-3 (2), main clause newly inserted)

- Newly establish grounds for enabling a contract to be divided into two or more contracts and, in the case of a certain ratio of issued RECs, execution of fixed price contracts (Article 10-3 (2), proviso newly inserted)

B. Change the charging/discharging time for application of weighted values for ESS facilities

- Change the charging time for application of weighted values in the case of ESS facilities from “10:00-16:00” to “06:00-15:00,” and the discharging time for the same from “all other times” to “16:00-23:00” (attached Table 2, Remarks No. 21, amended)

C. Provide grounds for non-issuance of REC to improve suppliers’ safety activities

- Include “cases where measures to prevent disasters and recover damages have not been implemented” to the grounds for non-application of weighted values for issuance of new and renewable energy certificates (Article 7 (3), amended)

- Include “Korea Electrical Safety Corporation,” which is responsible for regular inspections, etc., to the list of organizations to which the Minister may request materials for the purpose of adjusting weighted values for new and renewable energy certificates (Article 15, amended)