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Introduction

About APER Forum

Organization Introduction

General Status of Korean Electricity Regulatory Commission

Korean Electricity Regulatory Commission

· Objective of Establishment of KOREC

Korean Electricity Regulatory Commission (KOREC) was established to create an environment for fair competition in the electricity business.

Its other objectives are to protect consumers’ rights and interests; resolve disputes between electricity firms and/or between electricity firms and

consumers(quasi-judicial function); and to monitor unfair market practices and any abuse of market power.

· Organization Structure

KOREC is composed of one (1) chairperson and eight (8) commissioners appointed by the President of Republic of Korea.

· Specialized Commissions

There are three (3) Specialized Commissions under the control of KOREC which are responsible for the following matters;

a.    Legal dispute mediation

b.    Electric power systems

c.    Electricity tariffs and protection of consumers’ rights

· Major functions

KOREC deliberates matters as follows;

a.    Licensing electricity companies, a charge for using the distribution equipment, authorization of terms and conditions for selling electricity,

approval of the Korean Electricity Market Rules

b.    Eliminating unfair practices and imposition of penalty, protecting the rights and interests of consumers

c.    Resolution of dispute with respect of electric business

Secretariat of KOREC

· Objective of Establishment of Secretariat of KOREC

Secretariat of KOREC was established to implement the Commission’s policies.

· Organization Structure

There are one (1) Secretariat director, three (3) deputy directors and three (3) officers in charge.

· Major Business

Secretariat of KOREC is in charge of;

a.    Supporting the Commission, reviewing and administrating the items for resolution of Commission

b.    Licensing business, establishment of order in the electric power system and market, protecting the rights and interests of consumers

APER Forum Secretariat

Address : 6th floor, Geumeun Bldg, 622, Nonhyeon-ro Gangnam-gu, Seoul, Korea

Tel : +82-2-3288-9692(9688)

Fax : +82-2-3143-5023

E-mail : leesh@recommnine.co.kr