Ministry of Industry: "Sudden Cold Waves and Heavy Snow Increase Volatility... Ensuring Stable Winter Power Supply"

Government to Finalize and Announce 'Winter Electricity Supply and Demand Outlook and Measures' Within This Month

Power authorities and related organizations anticipate the possibility of a sudden Arctic cold wave during the winter period when electricity demand rises, along with higher precipitation compared to last year, which is expected to increase volatility in power supply and demand. They have decided to thoroughly manage supply and demand.

On the 15th, the Ministry of Trade, Industry and Energy held a comprehensive preliminary inspection meeting chaired by Lee Ok-heon, Director of Power Policy, to prepare for winter power supply and demand management. Before the winter power supply and demand countermeasure period (December 4 to February 29), related power organizations gathered to share winter power supply and demand forecasts, fuel supply plans, and to present the preparation status of each organization.

The Ministry of Trade, Industry and Energy forecasted that managing power supply and demand this winter will not be easy. This is due to the high likelihood of an Arctic cold wave, increased precipitation, reduced solar power generation caused by heavy snowfall, and instability in the international energy market due to the Israel-Hamas conflict, making it a situation where vigilance cannot be relaxed.

The Korea Power Exchange plans to secure more supply capacity than last year. According to the ministry, Korea Electric Power Corporation and power generation companies are conducting pre-safety inspections of transmission, distribution, and power generation facilities in preparation for the winter peak, and are taking preemptive measures such as reinforcing vulnerable facilities. Korea Gas Corporation and power generation companies have secured sufficient fuel quantities in advance for stable fuel supply and are preparing supply chain stabilization plans with the government to respond to supply disruptions or sudden price surges.

Director Lee said, "Since electricity is an essential infrastructure for citizens' lives and industrial activities, we will thoroughly prepare to ensure there are no disruptions in power supply," adding, "All preliminary preparations will be completed within this month, and the 'Winter Power Supply and Demand Forecast and Countermeasures' will be finalized and announced."

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