Insight
Politics and Power: electricity reform a key issue in South Korea's presidential election
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Key takeaways Regardless of results, South Korea's election on 9 May will see a new government focused on reforming the electricity sector. Presidential favourite Moon Jae-in's reform agenda includes more support for renewables, closing of coal plants, shutting nuclear facilities, and even importing Russian piped gas through North Korea. LNG could be a big winner as an interim measure to reduce pollution and address nuclear safety concerns.
Table of contents
- Politics: No shortage of headaches for Park’s successor
-
Pollution: Improving air quality is a key election issue
- New president likely to shake-up energy policy
-
Power: Overcapacity due to bullish demand outlook
- Spare generation capacity is threatening gas consumption
- Presidential candidates aim for less coal and nuclear
- Policies could improve LNG prospects but hit nuclear industry
- Policies would result in higher retail electricity prices
- Reaching 20% renewable target will be challenging
- Conclusion
Tables and charts
This report includes the following images and tables:
- South Korea GDP and electricity consumption growth (historical)
- South Korea electricity consumption growth (Wood Mackenzie vs Government forecast)
- South Korea's installed power capacity
- South Korea reserve margin
- Politics and Power: electricity reform a key issue in South Korea's presidential election: Image 2
- South Korea's LNG imports
- South Korea's coal imports
- Forecast of gas-fired power plants load factors
- South Korea LNG into power forecast
What's included
This report contains:
