Title :
Korean electricity market-present and future
Author :
Park, Jong-Keun ; Kim, Young-Jun
Author_Institution :
Seoul Nat. Univ., South Korea
Abstract :
For the past forty years, Korea Electric Power Corporation (KEPCO) had been a vertically integrated operating monopoly over power generation, transmission and distribution. KEPCO now faces a new milestone in its history. The basic plan for the restructuring of electric power industry was announced on January 21, 1999. The Generation Competition Market based on Cost Based Pool (CBP) began operation on April 2, 2001. The Two Way Bidding Pool (TWBP) is scheduled to begin in 2004. In this paper, we introduce the current electricity market and the next stage market.
Keywords :
electricity supply industry deregulation; power markets; power system economics; Cost Based Pool; Generation Competition Market; KEPCO; Korea Electric Power Corporation; Two Way Bidding Pool; electric power industry restructuring; power distribution; power generation; power transmission; Costs; Electricity supply industry; Government; History; Monopoly; Power generation; Power transmission lines; Privatization; Voltage; Water resources;
Conference_Titel :
Transmission and Distribution Conference and Exhibition 2002: Asia Pacific. IEEE/PES
Print_ISBN :
0-7803-7525-4
DOI :
10.1109/TDC.2002.1177701
