Korea Electric Power (KRX:015760) will complete its first legally mandated long-term power distribution plan by mid-2025, with a formal release scheduled for later this year, Pulse News reported Monday.
The plan, valid till 2028, will support South Korea's shift to a decentralized energy system under the Distributed Energy Act, the report said.
Korea Electric Power, working with local governments, forecasts distributed energy capacity to surge 40% to 36 gigawatts, which is 20% of total capacity, by 2028. With more than 95% of the current distributed energy from solar power, mainly in Honam, regional strategies are expected to manage growing small-scale power producers and stabilize the grid, it said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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