Update：6/1/2021
New roles for OCCTO added through the enactment of the Act for Establishing Energy Supply Resilience
The following operations were added as roles to be fulfilled by OCCTO through the enactment of the Act of Partial Revision of the Electricity Business Act and Other Acts for Establishing Resilient and Sustainable Electricity Supply Systems (in June 2020) (Act for Establishing Energy Supply Resilience). OCCTO will ensure that these operations are carried out and will fulfill its new roles accordingly:
- Check the contents of disaster coordination plans formulated by general transmission and distribution companies
- Operate a mutual assistance system for disaster recovery costs
- Formulate cross-regional network development plans, submit them to the Government, and grant subsidies under the renewable energy levy system to partially cover the costs of developing inter-regional interconnection lines as set forth in these plans
- Grant subsidies related to the feed-in tariff (FIT) scheme for renewable energy
- Grant premiums related to the feed-in premium (FIP) scheme
- Manage the reserve fund for the disposition of solar panels and other hardware components
