44 factories participated… Priority outage during power grid crisis, then compensation,
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![KEPCO headquarters [Photo by Jeong Hoesung]](https://imgnews.pstatic.net/image/001/2024/08/26/AKR20240826037900003_01_i_P4_20240826094115663.jpg?type=w647)
KEPCO headquarters
[Photo by Jeong Hoesung],
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, “(Sejong=Yonhap News) Reporter Cha Dae-woon = KEPCO (Korea Electric Power Corporation) announced on the 26th that it has officially operated the ‘Customer Participation Load Shedding System’, securing a total of 44 customers with a capacity of 650MW (megawatts).”,
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, ‘ The Customer Participation Load Shedding System is a system that stabilizes the entire power grid by immediately cutting off the power supply of pre-contracted customers by KEPCO in case of a crisis situation such as a sudden drop in frequency due to a power system failure.’,
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, ‘ The 650MW is nearly half the capacity of a modern Korean nuclear power plant.’,
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, ‘ Customers who have joined this system are mainly factories in industries such as paper, steel, and secondary batteries, with the paper industry, which suffers least damage during power outages, accounting for 82% of the total.’,
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, ‘ The target customers are large customers using private lines below 154kV (kilovolts), and KEPCO will cut off power supply to enrolled customers when needed. KEPCO explained that the duration of power outage during power supply cutoff is about 10 minutes.’,
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, ‘ Enrolled businesses will receive an operating compensation of 98,400 won per 1kW (kilowatt) per hour based on the reduction performance capacity. In addition to this, they will also receive an operational compensation of 1,320 won per 1kW annually based on the reduction standard capacity.’,
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, ‘ The reduction performance capacity refers to the load at the time of actual power shedding, while the reduction standard capacity is the average load of the previous year.’,
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, ‘ KEPCO stated, “Many customers are considering additional enrollment” and “we will promote contracts with suitable customers considering safety, environment, customer load characteristics, and system contribution.”‘,
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, ‘ [email protected]’,
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