The Presidential Takeover Committee reinforces the principle of cost principle in determining electricity rates. The plan is to reduce the proportion of nuclear power generation as a factor in raising rates that can stimulate inflation.
On the 28th, Kim Ki-heung, spokesperson for the transition committee, announced five key tasks for ‘energy policy normalization’ including these contents at a press conference in Tongui-dong, Jongno-gu, Seoul.
The transition committee established the basic direction of rational harmony between nuclear power and new and renewable energy, strengthening demand policy and normalizing the function of the energy market, focusing on supply expansion.
Looking at the key tasks following this, the plan is to promote feasible carbon neutrality and energy mix (composition ratio by power source). The internationally promised carbon neutrality goal is respected, but the implementation plan is supplemented with the use of nuclear power plants.
Accordingly, the plan is to increase the proportion of nuclear power generation in 2030 by resuming the construction of Shin-Hanul Units 3 and 4 and adjusting the continuous operation and utilization of nuclear power plants.
The plan is not to revise the previously determined 2030 National Greenhouse Gas Reduction Goal (NDC), but to reexamine the path to achieve it. The proportion of each power supply to achieve NDC in 2030 has not yet been specified.
Renewable energy will continue to be supplied in consideration of residents’ acceptability, economic feasibility, and the domestic renewable energy industry ecosystem. Coal and liquefied natural gas (LNG) power generation, which emits greenhouse gases, will be reduced rationally in consideration of the supply trend of renewable energy, electricity supply and demand, and system stability.
The transition committee also promotes market-based energy demand efficiency. The system to increase energy efficiency in all sectors will be strengthened, and the industrial sector will examine reduction scenarios in consideration of the development speed and cost of greenhouse gas reduction technologies.
We will also set out to establish an energy market structure based on competition and market principles. The plan is to gradually break down KEPCO’s monopoly sales structure by expanding the scope of power purchase agreements (PPAs) and to develop various demand management service companies.
In particular, the transition committee plans to establish a cost-based pricing principle for electricity prices. This is interpreted to mean strengthening the principle of reflecting the change in fuel cost required for electricity production in the price. The organization and manpower will also be strengthened in the direction of strengthening the independence and professionalism of the Electricity Committee.
At the briefing on the same day, Park Joo-heon, a professor of economics at Dongduk Women’s University, an expert in Economics Division 2, said, “Last year, KEPCO’s deficit reached 5.9 trillion won, and a similar deficit is expected in the first quarter of this year.” If left unchecked, the deficit problem will escalate,” he pointed out.
Professor Park said, “Electricity prices should be converted independently based on cost principle.” “I expect that the factors for the increase in electricity rates will be greatly alleviated in the future as the proportion of nuclear power plants, which are known to be the cheapest in the next government, will increase.” .
He continued, “When the price of electricity rises too quickly (as in overseas countries), it is impossible not to take into account the pressure of inflation. emphasized.
However, the view of the transition committee is that internal self-rescue measures are needed to improve KEPCO’s deficit. Professor Park added, “KEPCO should come up with a self-rescue plan before (discussing) the investment (for KEPCO).”
Meanwhile, the transition committee is planning to use the energy industry as a new growth engine. It will restore the nuclear power plant industry ecosystem and make it export industrialized, and nurture energy such as solar power, wind power, and hydrogen as new growth engines.
To restore the nuclear power plant ecosystem, restart the construction of Shin-Hanul Units 3 and 4 as early as possible through inter-ministerial cooperation, and introduce a system for forecasting demand for nuclear power plant equipment. In addition, the Korea-US nuclear power plant alliance will be strengthened, and a nuclear power plant export promotion group will be established to carry out activities to win orders for 10 nuclear power plants.
Promote the supply of renewable energy in consideration of industrial competitiveness, and strengthen the competitiveness of the renewable energy industry by expanding R&D and demonstration of solar and wind power. Establish a clean hydrogen supply chain at home and abroad by diversifying hydrogen production methods and securing overseas hydrogen production bases, and enhance competitiveness through hydrogen-related R&D.
The transition committee plans to expand the scope of resource security as well as energy to include core minerals. To this end, we promote the establishment of a resource security system and legal system through public-private cooperation. Prepare a national resource security control tower and establish an early warning and crisis response system. Cooperation between public corporations, the private sector, and the government will also be strengthened to reduce the risk of securing resources for the private sector.
In addition, the target of support for ‘Energy Voucher’, an energy welfare policy for the low-income class, will be increased. In consideration of jobs and the local economy, we will also promote reduction of coal power generation under the principle of compensation.
[서울=뉴시스]
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