KPX Takes Home Top Honor at ISGAN Award of Excellence

Chairman Jung Dong-hee of Korea Power Exchange (KPX). (Photos: KPX)

Korea Power Exchange (KPX) snatched the top honor at the 10th ISGAN Award of Excellence.

KPX was presented with the top award of the ISGAN Award of Excellence during the 15th Clean Energy Ministerial (CEM15) held in Iguazu, Brazil.

The ISGAN Award of Excellence, marking the 10th year, aims to explore excellent verification projects and promote them to spur global dissemination of smart grid technologies.

Fourteen projects from nine countries, including the United States, Germany, Switzerland and Spain, competed under the theme “Excellent Examples to Secure Flexibility for Resilience of Power Grid.”

KPX presented a verification project, titled “Empowering a Resilient Korean Power Grid through Inertia Analysis, ESS Optimization, and DR Advancements.”

A screening committee, consisting of renowned experts, picked by the Global Smart Energy Federation (GSEF), came up with outcomes of an evaluation, giving KPX with the highest score and presenting the runner-up award to France.

KPX Chairman Jung Dong-hee said, “It is encouraging that with the winning of the award, KPX’s efforts to step up the resilience and flexibility of the power grid have been recognized globally, and KPX will continue to ramp up all staff members’ capabilities so that the development of technologies can be made continuously.”

Jeong Woo-taek, deputy general manager of Korea Power Exchange, participates in an awards ceremony in which KPX received the top honor at the 10th ISGAN Award of Excellence.

Longest Heat Spell in September Pushes Up Electricity Demand to 88.2GW

Korea Power Exchange said the nation saw electricity demand soar to 88.2GW at 5 p.m. on Sept. 19, influenced by a heatwave prevailing even after the end of the Chuseok holiday.

The surging electricity demand was attributable to the longest-ever spell of sweltering heat in September. Scorching heat was recorded for 5.5 days nationwide and six days in Seoul.

Staff members with the emergency power supply situation room of Korea Power Exchange look into the power supply situation.

A tropical night phenomenon lasted 3.7 days nationwide and eight days in Seoul.

Despite the surging electricity demand, power supply was maintained stably.

The power supply capacity stood at 98.2GW and reserve power measured at 10.0GW as of 5 p.m. on Sept. 19.

As the Korea Meteorological Administration predicted the easing of the heatwave after nationwide rainfall for the weekend, KPX forecasts that power demand will decline on a slow basis from the fourth week of September.

But as temperatures are most likely to stay higher through mid-October, power demand is expected to rise compared to the previous years.

KPX Chairman Jung said, “The summer supply emergency period has ended, but KPX will manage power supply so as not to incur inconveniences people suffer to brace for a rise in electricity demand, caused by a belated heat spell in September.”