Rapidly Changing Power Industry... Training 'Power Trading Experts' for the First Time in 10 Years

Korea Power Exchange

[Asia Economy Sejong=Reporter Dongwoo Lee] Plans are underway to officially train power trading experts starting as early as the second half of next year.

According to the power industry on the 5th, the Korea Power Exchange (KPX) finalized the promotion plan for the introduction of the "Power Trader Certification System" through its board meeting at the end of last month. This decision comes from the urgent need to cultivate power trading experts amid rapidly changing power industry conditions due to the recent surge in power trading volume and renewable energy member companies.

According to KPX, since its establishment in 2001, the power trading volume over 20 years until last year increased 2.7 times from 198,788 GWh (gigawatt-hours) to 537,061 GWh, and during the same period, the power trading amount grew nearly sixfold from 9.5 trillion KRW to 55.0725 trillion KRW.

As the power market expands, KPX plans to train experts in power systems and the power industry to secure industrial competitiveness in response to strengthening global carbon neutrality policies.

This is the first time in 10 years since KPX attempted to introduce the "Power System Specialist Certification System" in 2013 that it has taken steps to cultivate experts. Previously, this system was conceived as part of enhancing expertise to increase the reliability of power system operations, but the plan was naturally halted when the establishment of the newly created System Supervisory Office, which was to be responsible for this, was canceled.

The Power Trader Certification exam will comprehensively cover all aspects of power trading, including the power market, power systems, and electricity-related laws and regulations. Starting this month, development of professors and learning guides will begin, with the first Power Trader Certification exam planned for the second half of next year.

KPX stated, "To ensure the objectivity and scalability of the Power Trader Certification System, it is deemed appropriate for a separate independent organization to operate the certification system, and we will consider establishing an association for the operation of the certification system in the future."

This content was produced with the assistance of AI translation services.