KOREA POWER EXCHANGE

'Price setting schedule' determines the generators to be dispatched and its output based on its merit order. Whth the hourly energy demand forecasted by KPX as a reference, generating units rewuiring the lowest generation cost are dispatched first to minimize the total energy supply cost; the market price is then set based on the generation cost of the marginal generating unit.

Korea Power Exchange (KPX), a nonprofit organization, plays a key role in South Korea’s power industry. KPX ensures the reliability of power supply by coordinating the flow of electricity in all regions of South Korea. As a neutral and independent organization, KPX also ensures the fair and transparent management of the power market. To secure future power reliability, KPX runs a sophisticated national planning process for generation and transmission expansion by active cooperation and coordination with the government.