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Electricity and natural gas sectors in Korea: synthetical overview and recent developments : current issues

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Frame of Image s*
in 1990; at the end of 2005, this share stood at about 28 percent (see chart below). The start of LNG imports in 1986 and the increased use of natural gas in power generation resulted in an increase of thermal capacity. Currently, LNG-fired capacity accounts for about 26 percent of total installed capacity
Figure 1.
Installed Capacity by Fuel
Source : KEPCO.
* Modified version of the draft of‘Commercial Frameworks for Gas-Power Value Chain Development: Korea Updated’ Cho, Chang Hyeun, Gurcan Gulen, and Michelle Michot , Foss, Center for Energy Economics, University of Texas at Austin.
Mar. / Apr.┃2007┃Vol 12┃No 2
27
Figure 2.
Generation by Fuel
Source : KEPCO.
and coal has a share of about 29 percent - both similar to nuclear capacity. Oil accounts for about 10 percent of total installed capacity with the remainder based on hydro. However, when one looks at the use of this installed capacity for generation, nuclear and coal account for 77 percent of all electricity generated in 2005. The following chart also shows the striking change in Korea’s use of fuels in power generation: almost 80 percent of electricity was generated by combusting heavy oil and gas played no role in 1980. Today, natural gas is used to generate about 16 percent of electricity,while oil has a share of only about 6 percent in electricity generation. Obviously, most gas-fired capacity is kept for peaking purposes or as reserve margin. Over this period of change in Korea’s fuel portfolio, electricity pri


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Title Electricity and natural gas sectors in Korea: synthetical overview and recent developments
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current issues

Material Type Reports
Author(English)

Cho, Chang Hyeun; Gulen, Gurcan; Foss, Michelle Michot

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 2)
Pages 19
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KIET; KDI School

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