Abstract
With the appearance of the climate change concerns, energy transition to renewable energy is accelerating over the world. Korea, a latecomer to the renewable energy sector, has also been unable to avoid energy transition. The government is promoting strong goals for expansion of renewable energy. However, switching from stable and controllable conventional generation to intermittent and uncontrollable renewable generation will be a big challenge for the electric power industry. Korea Power Exchange(KPX), which is responsible for the planning and operation of the electric power industry in Korea, is trying to improve measures in various fields such as the implementation of real-time unit commitment and additional real-time markets in order to cope with the volatility and intermittency of renewable energy.