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Which direction for South Korean electricity policy?

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  • Which direction for South Korean electricity policy?
  • Pittman, Russell
  • Korea Economic Institute


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Title Which direction for South Korean electricity policy?
Similar Titles
Material Type Articles
Author(English)

Pittman, Russell

Publisher

Washington DC, U.S.:Korea Economic Institute

Date 2014-03
Journal Title; Vol./Issue Korean Energy Economic Review:vol. 13(no. 1)
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Energy
Holding Korea Economic Institute

Abstract

South Korean policy makers have been sold a defective product. Seeking to address frightening long-term forecasts of electricity demand outpacing supply, the National Assembly adopted in 2000 a supply-side restructuring policy package that was in fact not well suited to address this particular problem in the best of circumstances, and especially poorly suited to the Korean situation of expensive imports of fuels. The imbalances that were forecast have increasingly come to pass, and current proposals to resume the restructuring package, which was halted in 2004, are likewise unlikely to provide much help for the actual problems at hand. (The rest omitted)