Power meter bidding union system collapses...A signal of infinite competition?

Seochang Telecommunications Co., Ltd. swept up Ea-type regional restricted quantity.

Nuri Telecom, G-type monopolization...First annual unit price business order

Dongwoo Electro-Mechanics, Shinseong Industrial Complex, and Moim Stone's new companies are making strides.

The annual unit price bidding for KEPCO's electricity meter, which took place on the 24th, was held for the first time after the union system collapsed. The photo has nothing to do with the specific facts of the article.

This year's electricity meter bidding union system collapsed for the first time in all items.

In particular, for the first time since KEPCO's annual unit price bid was implemented in 2016, the union system was broken for the residential (Ea-type) electronic wattmeter.

The electric power meter for shopping malls and factories (G-type)’s union bidding system had already collapsed last year, and this year was also held in an individual competition method.

According to KEPCO, the priority bidder for the annual unit price bid of the electronic wattmeter worth a total of 106.8 billion won (1.84 million units) was decided on the 24th. Unless there is a problem with the bidding qualification, the priority negotiator is expected to win the project.

◆ Seochang Telecommunications Ea Type was swept away, but the 'curse of the winner' was swept away.

As for the Ea (Advanced-E) type (1.4 million units), which attracted attention with the largest volume of business, Seochang Telecommunications secured the first place in both general and regional restrictions.

It has won a total of 336,000 orders (estimated price of 5.6 billion won) and has regained its status as a manufacturer of electricity meters.

It cannot just be good news. As the union system collapsed for the first time this year, the winning bid price of Ea Type also halved compared to last year. This is why there are concerns that it may fall into a "winner's curse" due to intense competition.

Some observers say that the union system may no longer have a place to stand as even the Ea type is carried out in an individual competition manner. As the number of new companies is expected to increase further, industry experts say that bidding for a wattmeter is likely to reach infinite price competition in the future.

A total of 41 companies participated in Ea-type general units (112 million units) competition and followings were selected as the priority bidders: ▲DISIS (4170 won, 56,000 units, including VAT) ▲ Seochang Telecommunications (24,970 won, 224,000 units) ▲ Powerpluscom (25,091, 224,000 units) ▲ SGEM (25,816 won, 224,000 units) ▲ Shinsung Electric Power Company (225,000 won) ▲ Dongwoo Electric Power Company (26,235 won, 168,000 units).

The notable companies are DISIS, SGEM, Shinsung, and Dongwoo Electric, all of which entered the industry for the first time.

According to industries on the 25th, DISIS spent 4,170 won, less than half of its original cost, but the industry believes that it did not put the last digit '0'. DISIS applied for the contract waiver to KEPCO on the 26th, but the cancellation of the contract was not clear until on the 29th. KEPCO said they will decide whether to cancel the contract or not after review.

◆Nuri Telecom monopolizes G-type with its subsidiaries...First annual unit price business order

The winner of the G-type bid is Nuri Telecom. Nuri Telecom won the first and second place alongside its subsidiary, Moim Stone, raising the possibility of winning the business for the first time in bidding held in an individual competition method. G-type also has a lower winning bid than last year, raising concerns about side effects fr|om overheated competition.

▲ Poongsan Electric Co. LTD.(32,890 won, 19,200 units) ▲ Shinhan Jungmil (38,335 won, 5,000 units) ▲ Sundo Electric (45,990 won, 7,800 units) were selected as priority bidders with single phase competition (32,000 units).

In the case of G-type regional restrictions, Fiestech (41,712 won, 32,000 units), Moim Stone (41,800 won, 32,000 units), and Nuri Telecom (42,350 won, 16,000 units) won the bid.

In the case of the single phase, Wizit Energy (39,900 won, 2,400 units), P&C Tech (49,900 won, 3,000 units), and Cheonilgyejeon (41,030 won, 2,600 units) won the bidding.