Electricity market SMP South Korea 2017-2023
electricity consumed per capita in South Korea has seen a steady increase.
The system marginal price (SMP) for electricity in South Korea stood at 215.90 South Korean won per kilowatt-hour as of March 2023. The South Korean government introduced the SMP ceiling system at the end of 2022, which limits the wholesale price at which Korea Electric Power Corporation (KEPCO) purchases electricity from power generation companies to protect energy consumers during times of price fluctuations. KEPCO is a public institution responsible for the distribution of electricity in South Korea. In the last 10 years,