Electricity Utility Act.

The purpose of this Act is to enhance the sound development of the electric utility business and protect the interests of consumers of electricity by establishing the basic system, and by promoting the competitiveness, of the electric utility business and thereby to contribute to the development of the national economy. To this end the Minister of Trade, Industry and Energy shall prepare fundamental and comprehensive policies for the stability of supply and demand of electricity, the promotion of the competitiveness of the electric power industry. Article 5 lays down provisions relating to environmental protection establishing that an operator of the electric utility business shall prepare measures to protect the interests of electric consumers. Article 47 establishes the Electric Policy Council within the Ministry of Trade, Industry and Energy to deliberate upon important matters concerning the supply and demand of electricity and create a foundation for the electric utility industry. The text consists of 108 articles.