Korea Power Exchange (한국전력거래소), also known as KPX, is the quasi-governmental agency under the Ministry of Trade, Industry and Energy responsible for operating the electricity market and the electric power systeminSouth Korea. In order to ensure fair and transparent operation of the market, as well as stable and efficient operation of the grid, it was established in April 2001 by being spun off from the Korea Electric Power Corporation (KEPCO) as a part of the industry restructuring efforts.[2] Because the legal name (한국전력거래소) may give a false impression that it is a subsidiary of KEPCO (한국전력공사), the general name of 전력거래소 is used for most purposes.[3]
Native name | 한국전력거래소 |
|---|---|
| Company type | Public |
| Industry | Transmission system operator |
| Founded | April 2, 2001; 23 years ago (2001-04-02)inSeoul |
| Headquarters | 625 Bitgaram-ro, , |
Area served | South Korea |
| Services |
|
Number of employees |
|
| Parent | Ministry of Trade, Industry and Energy |
| Website | kpx |
| Korea Power Exchange | |
| Hangul | 한국전력거래소 |
|---|---|
| Hanja | 韓國電力去來所 |
| Revised Romanization | Hanguk Jeollyeok Georaeso |
| McCune–Reischauer | Hanguk Chŏllyŏk Kŏraeso |
Article 35 of the Electric Utility Act (EUA)[4] amended on December 23, 2000, laid out the legal basis of the organization. Following the founders' meeting on March 17, 2001, it was officially founded on April 2, 2001.[5] The original offices were located within the KEPCO headquarters building complex in Samseong-dong, Seoul[6] until the relocation to Naju Innovation City took place in 2014.[7]
Article 36 of the EUA lists the following:[4]
Article 35 (Establishment) (1) The Korea Power Exchange shall be established to operate the electricity market and the electric power system.
이해찬 국무총리는31일 서울 삼성동 한국전력거래소 중앙 급전소를 방문해 여름철 전력 수급 상황을 점검했습니다.
