Korea Power Exchange (KPX) said on Nov. 28 that it was launching a service to disclose information on the nation’s total electricity demand through a power information mobile app.
The data on the nation’s total electricity demand divulges not only the total demand for the electricity market, but also out-of-the-market solar power based on KEPCO’s power purchase agreements and home behind-the-meter solar power outputs via statistical method.
KPX launched operated a pilot program since earlier this year to look into the nation’s total demand data before the full service was inaugurated on Nov. 28.
The data on the nation’s total power demand can be viewed through the power information mobile app and the KPX website (https://kpx.or.kr).
Kim Hong-keun, vice chairman in charge of the power girds at KPX, said, “Through disclosing of the information of the nation’s total power demand, it is a very significant to see the portion of photovoltaic power outputs out of the nation’s total power generation amounts in real time and grasp solar power volatility’s impact on the power grid in the public perspective.”
The KPX expects the disclosure of the information on the nation’s total power demand to raise the transparency of the power market and contribute to ramping up the stability of power supply.
A view of the 19th Power Market Workshop that took place at Koreas Broadcaster Center Grand Ballroom in Seoul on Dec. 2.
KPX Successfully Wraps Up 19th Power Market Workshop
Korea Power Exchange (KPX) held the 19th Power Market Workshop at Korea Broadcaster Center Grand Ballroom in Seoul on Dec. 2.
The Power Market Workshop made its debut in 2003. The event was the 19th rendition this year.
The 19th Power Market Workshop took place with officials related to the power market, including those from the Ministry of Trade, Industry and Energy MOTIE), Korea Electric Power Corp., independent power producers, the Cost Evaluation Committee and the academic circle.
Hwaang Bong-hwan, head of the Power Market Division at KPX, and Director Kim Nam-hyuck, in charge of power markets at the MOTIE, each delivered an opening address and a commemorative speech.
The four-hour event included an awards ceremony to honor those people in the power market who contributed to the operation and development of the market and power market experts’ presentation of themes and panel discussions.
Among the speakers of the workshop were Chung Rae-hyuck, head of the Market Operation Team at KPX who analyzed the operational achievements of the market, You Ho-chan, director at Samchully, who analyzed crude/LNG price outlooks and energy market impacts, Kim Hyung-chul, head of the Real-time Market Team at KPX, who spoke about the status of the operation of Jeju’s real-time market, and Prof. Park Jong-bae of Konkuk University who presented on the necessity of regional price systems of the whole-sale power and development options.
A panel discussion of experts, chaired by Prof. Park of Konkuk University, was held on the introduction of regional price systems.
The eight participants included Prof. Kim Sung-soo of Tech University of Korea, Prof. Cho Hong-jong of Dankook University, Prof. Kim Wook of Pusan National University, Prof. Jeon Woo-young of Jeonam National University, Prof. Kang Hee-chan of Incheon University, Prof. Shin Hoon-young of Hongik University and Chung Koo-hyung, head of a center at Korea Electrotechnology Research Institute (KERI).
Hwang, head of the Power Market Division at KPX said, “The Power Market Workshop was an meaning opportunity to share not only the pending issues of the power market but also the direction of the development for stabilizing regional power supply, and from now on, we will make efforts to continue to serve the workshop as an opportunity of exchanging knowledge.”
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