Korea's cost-based pool and uniform pricing create price distortions that hinder renewable energy integration, requiring four joint reforms including locational marginal pricing and real-time markets to align signals with policy goals.
The Electricity Journal 27, 23–49
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Price Distortions in Korea's Electricity Market: Barriers to Renewable Integration and Reform Pathways
Korea's cost-based pool and uniform pricing create price distortions that hinder renewable energy integration, requiring four joint reforms including locational marginal pricing and real-time markets to align signals with policy goals.