As Chairman Kim Sung-jin of Korea Power Exchange (KPX) took office, he has embarked on efforts to ramp up national security and industrial competitiveness.
KPX Chmn. Kim took office at an inauguration ceremony at KPX headquarters in Naju, Jeollanam-do, on May 6.
Chmn. Kim delivered his inaugural speech in which he defined KPX as a key infrastructure provider for sustaining national security and people’s livelihoods and an axis of power supply change.
Chmn. Kim announced five tasks for realizing energy transition – building a top-priority regime for stabilizing power supply, reinventing the power market, establishing of distributed energy resources, energy-industry connectivity through introducing of a regional price system and organizational innovation.
Chmn. Kim called for creating a market environment in which flexibility resources are given due compensation and fleshed out strategies to move industries to power production centers.
Chmn. Kim gave words of encouragement to KPX executives on the occasion of the 25th anniversary of its founding and expressed his willingness to make KPX Korea’s top-rated energy gifted manpower center.
He said KPX will concentrate its capabilities on energy transition, saying that it is “the reality that must be acted on right now.”
Chmn. Kim, born in 1963, graduated from Daedong High School in Gwangju and Konkuk University Economic Department.
He obtained a doctorate degree in East Asia study and Chinese economy at the University of Leeds.
He held positions, such as the spokesman for the former Ministry of Trade, Industry and Energy, the executive vice chairman of the Korea Display Industry Association, and president of Gwangju Future Automotive Mobility Association.
Industry sources predicted that new KPX Chmn. Kim’s roles will be greater as the power market is undergoing restructuring.
KPX will be responsible for carrying out institutional reform, such as a renewable energy biding system and a locational margin price (LMS) system.
KPX Chairman Kim Sung-jin makes an inspection into KPX Central Headquarters in Osong, Chungcheongbuk-do, on May 5. (Photos: KPX)
KPX Chmn. Kim Tours ‘Jeju V2G Verification Center’
Chmn. Kim Sung-jin of Korea Power Exchange made an inspection of the Jeju Vehicle-to-Grid (V2G) verification center on May 20 to look into the current status of the operation of the V2G using EVs and verification progress.
Chmn. Kim’s visit was designed to explore KPX’s leading roles so that EVs can be utilized as not only a “moving battery” that contributes to improving renewable energy acceptability and stabilizing of the power grid beyond simple transformation means, but also a core asset of a future power system.
V2G emerges as a technology designed to cope with renewable energy generation variables by utilizing EVs as flexibility resources, and EVs may be utilized as a future power resource that can contribute to stabilizing the power gird through V2G charging and discharging technologies.
KPX Chmn. Kim said, “It is significant to establish a regime in which renewable energies, such as photovoltaic power and wind power as well as distributed energy resources, including EVs are connected and operated organically within the power system in order to realize carbon neutrality, and KPX will do its utmost to not only verify related technologies and promote institutional reform but also build a foundation for the stable operation of the power grid.”
Chmn. Kim also visited KPX Jeju headquarters and looked into the current status of the stable operation of the power grid in the Jeju area during spring as well as power supply and power facilities in time for the maximum power generation for summer.
_전력거래소 김성진 신임 이사장 취임식.jpg)
_전력거래소 김성진 신임 이사장 안전점검.png)
