Korea Merchant Electricity Prices

Although all of the generating plants in Korea are owned by KEPCO subsidiaries, there has been a merchant electricity price market with bidding for many years. The website for the South Korean merchant market looks like it reports hourly prices and I have some old hourly prices, but I had a bit of trouble retrieving the old prices. At any rate, the monthly prices are instructive in evaluating the prices in the comparative USD/MWH.

Studying the market also demonstrates that as with so many other markets in the world, the natural gas price is highly correlated with electricity prices.