Self-Consumption Solar Certificates to Be Traded as 'REGO' Pilot Project Moves Forward

Full Launch of REGO Issuance and Trading Planned After Ministry Pilot Project Next Year

A panoramic view of the solar power generation facility operated by LX Pantos at the Siwha MTV Logistics Center.

Going forward, electricity generated by solar power facilities installed by companies or individuals for direct consumption can now be certified and traded on the market. Companies will be able to purchase these certificates for use toward achieving '100% Renewable Energy Usage (RE100)'.

The Ministry of Climate, Energy and Environment announced that starting in August, it will launch a pilot project for issuing and trading Renewable Energy Guarantees of Origin (REGO) certificates for self-consumption renewable energy generation systems.

A REGO is a certificate that guarantees electricity produced by companies or individuals through residential or industrial complex solar power facilities for direct personal or business use is generated entirely from renewable energy sources.

This certificate is issued after production records are verified via the Renewable Energy Monitoring System (REMS) connected to the self-consumption generation facilities. Once issued, these records are converted into certificates that can be sold to companies and others through the RE100 certificate trading platform.

Until now, self-owned solar power generation facilities installed in homes or industrial complexes have been limited to producing electricity for self-consumption and thereby reducing electricity bills.

With the introduction of the REGO and its related trading system, it will now be possible both to cut electricity bills and to profit from the sale of certificates. Companies that purchase these certificates can use them toward achieving RE100 compliance.

The Ministry plans to conduct the pilot project from August to November, and then to fully launch the REGO issuance and trading business for self-consumption renewable energy beginning next year (2027). Applications for the pilot project will be accepted from July 20 through August 4 (Tuesday).

Meanwhile, before the start of the pilot project, the Ministry, Gyeonggi Province, and Korea Energy Agency will sign a business agreement for the issuance and trading of certificates for self-consumption renewable energy on July 22 in the morning at the Seoul Regional Headquarters of the Korea Energy Agency, located in Yeouido, Yeongdeungpo-gu, Seoul.

Shim Jinsoo, Director of Renewable Energy Policy at the Ministry of Climate, stated, "The introduction of this issuance and trading system for self-consumption renewable energy certificates will expand the deployment of related facilities and support companies in achieving '100% renewable energy usage' from multiple angles."

This content was produced with the assistance of AI translation services.