Korea Gas Corporation and Korea Power Exchange Establish Joint System for Electricity and Gas Supply and Demand Management

From October, Real-Time Integration of Power Plant Operations and Gas Supply Pressure
Sharing Gas and Power Operation Data
Strengthening Joint Emergency Response and Expanding Technical Exchanges

Hong Ilak, President of Korea Gas Corporation (right), and Kim Sungjin, Chairman of Korea Power Exchange, are posing for a commemorative photo after signing a Memorandum of Understanding to establish a cooperative system for core energy infrastructure at the headquarters of the Power Exchange in Naju, Jeonnam, on the 29th. Korea Gas Corporation.

Korea Gas Corporation and Korea Power Exchange will strengthen their ability to respond to electricity and gas supply and demand by connecting power plant operation information and gas supply data in real time.

On September 29, Korea Gas Corporation signed a Memorandum of Understanding (MOU) with Korea Power Exchange at the Power Exchange headquarters in Naju, Jeollanam-do, aimed at establishing a cooperative system for core energy infrastructure. The signing ceremony was attended by Hong Eui-rak, President of Korea Gas Corporation, Kim Seong-jin, Chairman of Korea Power Exchange, and officials from both organizations.

Under this agreement, the two organizations will share operational information related to gas and power supply and demand, and build a joint response system for emergencies. There will also be an expansion of technical exchanges between system operation personnel.

In particular, starting in October, they will begin work on upgrading the "supply and demand information computerized system," which will connect and visualize power plant startup and shutdown data together with gas supply pressure in real time. By linking this information, both organizations aim to quickly monitor power plant operations and the corresponding gas supply conditions, thereby enhancing the effectiveness of supply and demand management.

Korea Gas Corporation and Korea Power Exchange plan to utilize this cooperative framework to respond to changes in electricity demand driven by the spread of artificial intelligence (AI) and to further improve the stability of both electricity and gas supply and demand. In case of an emergency, the two organizations will be able to jointly respond based on shared information.

President Hong stated, "Gas is essentially electricity, and the competitiveness of gas that reliably supports electricity is the nation's competitiveness. Korea Gas Corporation and Korea Power Exchange will become strong partners, establishing an integrated AI- and data-based supply and demand management system to enhance both the stability and flexibility of Korea’s energy sector."

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