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South Korea Power Report Q4 2017

South Korea Power Report Q4 2017

BMI View: We have revised our power sector forecasts for South Korea given the assertive action taken byPresident Moon Jae-in in reducing the role of nuclear and coal in the power mix. Although the newadministration is yet to outline specifically how it plans to achieve its energy U-turn in an official roadmap,we expect continued assertive action from President Moon with regards to reducing the role of coal andnuclear in the domestic power mix.

Latest Updates And Structural Trends

We expect coal-fired power generation to increase by an annual average of 2.7% between 2017 and 2026,from a previous growth rate of 3.3%. That said, coal will still account for over 40% of the electricity mixby 2026.

In terms of nuclear power, we do not expect the life-times of existing nuclear power facilities to beextended, and instead forecast six nuclear reactors to go offline between now and the end of our forecastperiod in 2026. We forecast nuclear generation is likely to contract at an average rate of 0.7% annuallybetween 2017 and 2026.South Korea's LNG imports are set to grow at an annual rate of 1.0-2.0% overthe coming years, as president Moon Jae-In's plans to gradually phase out coal and nuclear-fired powergeneration drive greater reliance on gas-fired electricity generation in the power sector.


BMI Industry View
Table: Headline Power Forecasts (South Korea 2016-2022)
SWOT
Industry Forecast
South Korea Snapshot
Table: Country Snapshot: Economic and Demographic Data (South Korea 2016-2020)
Table: Country Snapshot: Economic and Demographic Data (South Korea 2021-2026)
Table: Country Snapshot: Power Sector
South Korea Power Forecast Scenario
Coal Generation And Capacity Forecasts
Nuclear Generation And Capacity Forecasts
Gas Generation And Capacity Forecasts
Renewables Generation And Capacity Forecasts
Table: Total Electricity Generation Data And Forecasts (South Korea 2015-2020)
Table: Total Electricity Generation Data And Forecasts (South Korea 2021-2026)
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2015-2020)
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2021-2026)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (South Korea 2015-2020)
Table: Total Electricity Consumption Data And Forecasts (South Korea 2021-2026)
Transmission And Distribution, Imports And Exports
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2015-2020)
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2021-2026)
Industry Risk/Reward Index
Asia Power RRI: Investors Can Capitalise On High Rewards
Industry Risk/Reward Index
Global and Regional Ranks
Key Features and Latest Updates
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: Diverging Energy Agendas Result In Shifting Power Mix
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Power Risk/Reward Index Methodology
Table: Indicators - Explanation and Sources

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