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Electricity industry restructuring revisited: The case of Korea

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  • Electricity industry restructuring revisited: The case of Korea
  • Lee, Byoung-Hoon; Ahn, Hyeon-Hyo
  • National Bureau of Asian Research


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Title Electricity industry restructuring revisited: The case of Korea
Similar Titles
Material Type Articles
Author(English)

Lee, Byoung-Hoon; Ahn, Hyeon-Hyo

Publisher

[Amsterdam, Netherlands]:National Bureau of Asian Research

Date 2006-02
Journal Title; Vol./Issue Energy Policy:Elsevier
Pages 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Industry and Technology < Others
Holding Elsevier

Abstract

In 2004, the Korean Government suspended its electricity market reform based on the two-thirds majority recommendation of a six-member joint study team. This suspension effectively interrupts the basic plan adopted in 1998 by the previous administration to divest and privatize Korea Electric Power Corporation’s (KEPCO’s) generation segment in 2000–2002, implement transmission open access and wholesale competition by 2008, and introduce retail competition thereafter. This policy-decision followed the controversial debate on electricity market reform in Korea. Reform proponents claim that electricity can be treated as ordinary goods exchangeable in the competitive market, and any problems caused by the transition to the market system are manageable. (The rest omitted)