With the expansion of renewable energy, the number of participants in the power market has increased exponentially, unlike the power industry in the past, which was centered on a small number of large power plants. In line with this change, the role of Korea Power Exchange (KPX) as an impartial referee has become even more important to collect the voices of various market participants and operate the market and grid fairly.

 

In March 2024, members of KPX filed a lawsuit to improve the independence of KPX as the grid operator, and in April 2024, Solutions for Our Climate and renewable energy associations jointly filed a complaint with the Anti-Corruption & Civil Rights Commission.

 

As the number of renewable energy businesses expands, KPX needs to ensure its independence from KEPCO and its generation subsidiaries so that it can fairly reflect the voices of various stakeholders. To this end, (1) market participants should be excluded from the board of directors of KPX, and (2) the decision-making process of KPX should be transparently disclosed.