The Electricity Act Article 64

An Electricity-Generating Enterprise shall comply with the following requirements in determining the allocation of its annual profits. Annual net profit excluding renewable energy generation in excess of the total paid-in capital shall be allocated prioritising measures of improving the operation and maintenance of the generation units, investing in pollution-minimising infrastructure, and facilitating further advancement in renewable energy. The allocation requirements are set out below:1. When the annual net profit is more than 10% but less than 25% of the total paid-in capital, 50% of the amount in excess of 10% of the total paid-in capital shall be allocated.2. When the annual net profit exceeds the total paid-in capital by 25% or more, the full amount in excess of 25% of the total paid-in capital shall be allocated.Next, 50% of the allocated amount prescribed above shall be used in measures improving the operation and maintenance of the generation units as well as investment in pollution-minimising infrastructure. The remaining 50% shall be invested in the development of renewable energy.When the annual net profit is less than 10% of the paid-in capital, the Central Competent Authority shall order the Electricity-Generating Enterprise to engage in facility improvements based on the findings of the inspection and maintenance performed in accordance with Article 31.Paragraph 1 of this article is not applicable to Electricity-Generating Enterprises whose Electricity Carbon Emission Factor for the generation of electric power is better than the standard prescribed by the Electricity Industry Regulatory Agency in accordance with paragraph 2 of Article 28.The Electricity Industry Regulatory Agency shall establish rules governing the identification, use, management and supervision of the funds used to improve the operation and maintenance of the generation units, to invest in pollution-minimising infrastructure, and to facilitate the development of renewable energy.