KEPCO deploys AI-powered grid system to cut annual power costs by $73 mil.

KEPCO deployed an AI-based power grid management system to reduce annual electricity procurement costs by approximately 110 billion won ($73.4 million). The state-run utility overhauled its demand forecasting model and optimized advanced power facilities to improve grid stability amid structural changes from data center expansion, EV adoption, and renewable energy growth. The system targets bottlenecks in regions like the East Coast, where transmission limits have forced output curtailments.

The Korea Electric Power Corp. KEPCO is deploying an artificial intelligence AI -based power grid management system aimed at reducing annual electricity procurement costs by approximately 110 billion won $73.4 million , as it seeks to improve efficiency and stability amid rapidly shifting power demand patterns. The state-run utility company said on Wednesday that it has overhauled its grid demand forecasting model using AI and optimized the operation of advanced power facilities, including static synchronous compensators STATCOM , to enhance overall grid performance. The move comes as electricity consumption patterns in Korea are undergoing structural changes, driven by the rapid expansion of data centers, growing electric vehicle EV adoption and rising renewable energy generation. In regions such as the East Coast, where power generation capacity is abundant but transmission infrastructure remains limited, operators have repeatedly been forced to curb electricity output due to grid bottlenecks. To address the issue, KEPCO rebuilt its demand forecasting model using AI-driven big d