Vice Minister of Industry Visits Korea Power Exchange to Check Power Supply and Demand Status

Vice Minister Park Il-jun Presiding Over Summer Power Supply Situation Inspection Meeting
(Seoul=Yonhap News) On July 4, Park Il-jun, Vice Minister of the Ministry of Trade, Industry and Energy, is presiding over the "First Day Power Supply Related Agencies Situation Inspection Meeting During the Emergency Measures Period for Summer Power Supply" at the Power Supply Situation Room of the Ministry of Trade, Industry and Energy in the Government Sejong Complex. 2022.7.4 [Provided by the Ministry of Trade, Industry and Energy. Resale and DB prohibited]
Photo by Park Il-jun
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[Asia Economy Sejong=Reporter Lee Junhyung] Park Iljun, Vice Minister of the Ministry of Trade, Industry and Energy, visited the Korea Power Exchange located in Naju, Jeollanam-do, to check the current power supply and demand status.

The Ministry of Trade, Industry and Energy announced that Vice Minister Park visited the Central Power Control Center at the Korea Power Exchange in Naju, Jeollanam-do, on the afternoon of the 24th. Vice Minister Park visited the Central Power Control Center to inspect the summer power supply and demand measures and to encourage on-site workers.

Earlier, power demand reached an all-time high due to early heatwaves at the beginning of this month. However, as the government implemented supply and demand measures such as mobilizing additional reserve resources, the supply reserve capacity was managed stably.

Since the second week of this month, power demand has remained below 90GW due to continuous rainy season and falling temperatures. The government is maintaining the supply reserve capacity above 10GW.

Vice Minister Park said, "There were many concerns as power demand reached an all-time high earlier this month," adding, "Thanks to the prompt response centered on the Korea Power Exchange, the supply and demand situation was managed stably." He added, "From the fourth week of this month to the third week of next month, the heatwave is expected to intensify, increasing power demand," and "the government will manage power supply and demand with greater vigilance."

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