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South Korea Power Report Q3 2015


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South Korea Power Report Q3 2015

BMI View: The outlook for South Korea's renewables industry remains muted, despite the recentannouncement of the government's clean energy investment plan. The country's challenging regulatoryenvironment for renewables and the availability of cheaper sources of power, notably nuclear and coal, willundermine investment into the sector.

We forecast overall power generation to grow at an average of 3.8% a year between 2015 and 2024,reaching 791.3 terawatt hours (TWh) by the end of the period. While coal- and gas-fired generation willcontinue to play a vital role, we expect nuclear generation to have the fastest growth rates. That said, webelieve high growth rates will feature more greatly in the second half of our 10-year forecast period, giventhe current high level of public distrust of nuclear power.

The South Korean market for liquefied natural gas (LNG) will cool in the near-term, as high prices andcompany obligations to cut expenditure will see Kogas and utilities trim LNG purchases and rely on nuclearwhenever possible. In the longer term, new gas power plants and the country's quest to increase powersupply to the market will mean LNG demand rises, although we have also moderated our forecasts to showslower demand growth.


BMI Industry View
SWOT
Industry Forecast
South Korea Snapshot
Table: Country Snapshot: Economic and Demographic Data (South Korea 2013-2018)
Table: Country Snapshot: Economic and Demographic Data (South Korea 2019-2024)
Table: Country Snapshot: Power Sector
South Korea Power Forecast Scenario
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (South Korea 2013-2018)
Table: Total Electricity Generation Data And Forecasts (South Korea 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2019-2024)
Cooler LNG Market Ahead
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (South Korea 2013-2018)
Table: Total Electricity Consumption Data And Forecasts (South Korea 2019-2024)
Transmission And Distribution, Imports And Exports
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2013-2018)
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2019-2024)
Industry Risk/Reward Index
Asia Power Risk/Reward Index
South Korea Power Risk/Reward Index
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
Pricing
Carbon Trading
Table: Emissions Reduction Targets By Industry
Table: Top Emitters Of Carbon Dioxide In 2012 By Country
South Korea Power Projects Database
Table: Key Power Projects
Competitive Landscape
Company Profile
Korea Electric Power Corporation (Kepco)
Regional Overview
Asia Regional Overview
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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