Renewable revenue — SMP + REC
A renewable plant sells electricity at the SMP and certificates (RECs) on top. Each MWh earns RECs times its weight.
A formula, not a forecast — capacity factor and weight are your assumptions.
Annual revenueKRW 241,932,366
| Output | 1,314 MWh | 1 MW × 8,760 h × 15% |
|---|---|---|
| SMP revenue | KRW 148,114,080 | 1,314 MWh × 112.72 KRW/kWh |
| REC revenue | KRW 93,818,286 | 1,314 REC × 71,399 KRW |
Not in this calculation
- Capex, opex and tax — this is revenue, not profit
- Contract terms such as fixed-price contracts
- Hour-by-hour SMP — one value is used
- Output lost to curtailment
Sources: SMP — data.go.kr 15151997 (KPX) · REC — data.go.kr 15090556. The REC scheme is being reformed by 2026 amendments.
Using the example values