Insight

South Korean energy policy at a crossroads

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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.

Table of contents

  • Introduction
    • 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

Tables and charts

This report includes 12 images and tables including:

  • Asia-Pacific electricity demand per capita
  • 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
  • South Korea's power reserve margins
  • 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)

What's included

This report contains:

  • Document

    South Korean energy policy at a crossroads

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