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9 Pages

South Korean energy policy at a crossroads


South Korean energy policy at a crossroads

Report summary

South Korean energy policy has been driven by the country's need to fuel its industrial sector with cheap energy. But distorted prices have led to unintended and undesirable consequences, with the country on the verge of a power supply shortfall over the last two years. South Korea's new National Energy Master Plan should prioritise electricity price reform as a key element of its energy security strategy.

What's included?

This report includes 1 file(s)

  • South Korean energy policy at a crossroads PDF - 633.30 KB 9 Pages, 1 Tables, 11 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

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  • Introduction
  • South Korea's booming industrial energy demand
    • The role of distorted pricing
    • The role of the depreciating won
  • The diminishing role of nuclear energy
  • Declining security of supply
  • Implications for the new National Energy Master Plan

In this report there are 12 tables or charts, including:

  • Introduction
  • South Korea's booming industrial energy demand
    • Asia-Pacific electricity demand per capita
    • South Korean energy policy at a crossroads: Image 2
    • South Korean energy policy at a crossroads: Image 3
    • Fuel input prices, power tariffs, and KEPCO earnings
    • South Korean energy policy at a crossroads: Image 5
    • South Korea power demand by sector (plan vs. actual)
  • The diminishing role of nuclear energy
    • South Korean energy policy at a crossroads: Image 7
    • South Korean energy policy at a crossroads: Image 8
    • South Korea's nuclear capacity, idled vs operation (MW)
    • South Korean energy policy at a crossroads: Table 1
    • South Korea's nuclear capacity versus planned nuclear generation
  • Declining security of supply
    • South Korea's power reserve margins
  • Implications for the new National Energy Master Plan
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