Full-Scale Discussion on New Nuclear Power Plant Construction... First Meeting of the 11th Basic Plan for Electricity Supply and Demand General Committee

Ministry of Industry to Form the 11th Basic Electricity Supply and Demand Plan Steering Committee on the 27th

For the first time under the Yoon Suk-yeol administration, discussions on new nuclear power plant construction have been intensified. The Ministry of Trade, Industry and Energy held the first meeting of the General Committee for the establishment of the 11th Basic Plan for Electricity Supply and Demand, initiating discussions on nuclear power and other carbon-free energy sources.

According to the Ministry of Trade, Industry and Energy on the 27th, the newly formed General Committee for the establishment of the 11th Basic Plan for Electricity Supply and Demand (Electricity Plan) held its first meeting. The ministry reported the "Direction for Promoting the 11th Electricity Plan" to the Electricity Policy Deliberation Committee on the 18th, and from today’s meeting, expert-centered discussions and reviews are expected to proceed in earnest.

The General Committee for the Electricity Plan will be responsible for preparing the working draft of the 11th Electricity Plan. At today’s meeting, discussions were held on the basic direction for establishing the 11th Electricity Plan. The agenda included scientifically forecasting mid- to long-term electricity demand in response to recent rapid changes in power conditions, and reviewing a reasonable power mix considering the characteristics of carbon-free energy sources such as nuclear, renewable, and hydrogen power, along with measures to improve the electricity market.

After today’s meeting, the General Committee plans to form working subcommittees and working groups composed of experts from various fields to conduct detailed discussions. In particular, considering the need to review carbon-free energy sources to achieve carbon neutrality goals in this Electricity Plan, the existing "Renewable" working group will be reorganized into a "Carbon-Free Energy" working group. Additionally, a new "Electricity Market" working subcommittee will be established and operated to conduct in-depth analysis and prepare countermeasures for changes in electricity market conditions.

The committee members attending today’s meeting stated, “Given the significant discussion tasks arising from recent changes in the power system conditions, we must derive the working draft of the Electricity Plan through swift yet precise review,” and added, “To respond timely to changing conditions, we will promptly begin discussions by working subcommittees and working groups so that the working draft of the 11th Electricity Plan can be announced within this year if possible.”

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