"Let's Profit by Reselling Saved Electricity" Gimhae City Development Corporation and Powertech Energy Agreement

Gimhae Urban Development Corporation and Powertech Energy held a signing ceremony.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gimhae Urban Development Corporation and Powertech Energy have signed a mutual cooperation agreement for participation in the ‘Demand Resource Trading Market’ hosted by the Korea Power Exchange.

‘Demand Resource Trading Market Participation’ refers to a power trading market where consumers can resell saved electricity.

Since 2014, the Korean power industry has shifted its policy from ‘stable power supply’ focused on power provision to ‘efficient power supply’ through demand management, leading to the establishment and operation of the demand resource trading market.

Powertech Energy becomes the demand management operator. The Urban Development Corporation’s saved electricity is monitored and managed by Powertech Energy, which sells the electricity to the Power Exchange, and the revenue is shared between customers and the demand management operator. The distribution rate is 90% of the profit to participating customers and 10% to the demand management operator.

Four Clear Water Circulation Centers, sewage sludge resource recovery facilities, livestock manure treatment facilities, and food wastewater treatment facilities, all environmental business sites of the corporation, participate in the project. This agreement sets a target capacity of 1500KWh, three times that of the previous year.

Converted into an amount, this is approximately 43 million KRW, and according to the revenue sharing with Powertech Energy, a profit of 39 million KRW, which is 90%, is generated. The revenue is processed as part of the power costs for each business site, resulting in a practical cost reduction effect.

Choi Im-kyung, head of the corporation’s Facility Management Headquarters, said, "Through the demand resource trading market, a national energy policy project, the corporation itself will become a prosumer and strive for mid- to long-term energy savings and profit creation.”

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