2025 H1 ESS Central Contract Market has launched (16 June 2025 - 4 July 2025)
- Soyeon Park
- Jun 18, 2025
- 2 min read
Key Points on the Launch of Korea's First Nationwide ESS Central Contract Market
Issue: The launch of Korea's first nationwide Energy Storage System (ESS) central contract market marks a significant milestone in the country's energy sector. This initiative aims to create a structured marketplace for energy storage solutions, enabling more efficient management of electricity supply and demand.
Announcement details
Announcement Details | Completion Deadline |
500MW / 3,000MWh (Mainland) | December 2026 |
40MW / 240MWh (Jeju) |
Key Dates
Event | Date and Time |
Tender Announcement | May 22, 2025 (Thursday) 17:00 |
Bidder Registration | From June 2, 2025 (Monday) 09:00 to June 13, 2025 (Friday) 15:00 |
Submission of Bid Proposals and Supporting Documents | From June 16, 2025 (Monday) 09:00 to July 4, 2025 (Friday) 15:00 |
Tender Closing Date | By July 4, 2025 (Friday) 15:00 |
Evaluation of Bid Documents | July 2025 |
Announcement of Preferred Negotiation Bidder | July 2025 |
Objection Period | Within 5 business days from the announcement of the preferred bidder |
Final Bidder Confirmation and Announcement | July 2025 |
Contract Signing | After the successful bidder obtains the power generation business license |
Why it matters: This development is crucial for several reasons.
Firstly, it addresses ongoing power system shortages that have been exacerbated by fluctuating energy demands and the increasing reliance on renewable energy sources.
The ESS central contract market facilitates the storage of excess electricity generated during low-demand periods, which can then be released during peak demand times. This capability enhances the overall stability of the power grid, reduces the risk of blackouts, and supports the integration of renewable energy sources, leading to a more sustainable energy future.
Who's affected?
The launch of the ESS central contract market will have far-reaching implications for various stakeholders. Energy operators will gain access to new revenue streams through participation in the market, while consumers may benefit from improved reliability and potentially lower energy costs.
Additionally, the overall stability of Korea's power grid will be enhanced, which is vital for economic growth and public safety. Policymakers and regulators will also be closely monitoring the market's development to ensure it aligns with national energy goals.
What to watch : Monitoring Industry Competition and Technological Advancements
The bidding process will be crucial, as it will determine how competitive the market becomes and how effectively it can attract investment.
Observers should closely monitor the competition among industry players, which includes both traditional energy companies and new entrants in the energy storage sector. A potential consortium focused on the development of lithium iron phosphate (LFP) batteries—recognized for their safety and efficiency—will significantly influence the market landscape and drive technological advancements.
What you can do: To stay informed about this important development in Korea's energy landscape, individuals and organizations should regularly visit the Korea Power Exchange's official website. NEXT CURRENT will provide detailed information about the bidding process and any changes to the rules focused on commercial aspects.
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