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Before deregulation, th Korea Electric Power Corporation (KEPCO) had been a vertically integrated monopoly over power generation, transmission, and distribution. However, the generation competition market based on Cost based pool (CBP) began in April, 2001. The KEPCO generation department has been allocated into six independent GenCos. Before the reform of the power industry that took place in South...
The electricity power industry has transformed from an integrated structure to a competitive market. Generally, investing generators in the electric power industry requires huge funds and takes long periods of construction in the need to continuously provide stable electricity power. Before the reform of the power industry took place in South Korea, the government had planned the electric power investment...
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