
The Electricity Regulatory Commission (KOREC) was established to create an
environment of fair competition in the electricity business.
The KOREC is affiliated with the Ministry of Trade, Industry & Energy (MOTIE).
The Electricity Regulatory Commission (KOREC) was established to create an environment of fair competition in the electricity business. Its other objectives are to protect consumers’ rights and interests. resolve disputes between electricity firms and/or between electricity firms and consumers; and to monitor for unfair market practices and any abuses of market power. The KOREC is affiliated with the Ministry of Trade, Industry & Energy (MOTIE), and it plays a leading and essential role in the tasks of restructuring the electricity industry and creating markets based on competition.