Kim, Hyunsook; Kim, Sung-Soo - In: Energy Policy 47 (2012) C, pp. 133-144
In South Korea, the incentive scheme for generators to add new power generation is based on the system marginal price (SMP) and the capacity payment (CP). The infra-marginal generators receive an extra margin due to the high SMP level and the new infra-marginal generators need to be built to...