KEPCO Lacks Vendor Prices for 15-Year Energy Storage Contracts - report

Korea Electric Power Corporation (015760) does not receive individual prices for central energy-storage contracts. Aju Business Daily reported the disclosure on Tuesday.

KEPCO bears part of the settlement costs through purchased-power expenses. The central market selected 1,196 megawatts of energy-storage capacity. Contracted capacity payments run for 15 years. A National Assembly member obtained related materials from KEPCO and the Korea Power Exchange. The report said KEPCO cannot verify vendor-level prices directly.

The payment obligation extends across each contract's 15-year term. The company's market capitalisation was ₩21.7 trillion at Wednesday's close.

Written from the filing or the Korean-language report it cites, not translated from it. Figures against this company's own statements are computed from DART data on kstock. kstock does not issue buy, sell or hold ratings and this is not investment advice.

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