Thursday, June 20, 2013

South Korean Updates: S. Korea's electricity use higher than OECD average (20 Jun 2013)

S. Korea's electricity use higher than OECD average

June 20, 2013
Yonhap News Agency

S. Korea's electricity use higher than OECD average

SEOUL, June 20 (Yonhap) -- South Korea consumes more electricity than the average consumption of the world's major economies, a report said Thursday, raising concerns over a power shortage amid the recent shutdown of nuclear reactors.

South Korea's power usage per one U.S. dollar's worth of gross domestic product reached 0.44 kilowatt hours (kWh) in 2010, compared with the average 0.339 kWh for the Organization for Economic Cooperation and Development (OECD) members, according to the report released by Hyundai Research Institute.

U.S. power consumption per dollar came to 0.29 kWh, with Japan and France holding comparable figures of 0.22 kWh and 0.2 kWh, the data showed.

"The country's electricity consumption is excessive even when considering its economic development and standard of living," the report said.

The report added that South Korea depends on 91.9 percent of its power production coming from nuclear, coal and combined cycle power plants, while it failed to bolster its development of renewable energy.

Starting this week, South Korea implemented a set of measures aimed at reducing its use of electricity amid daily possibilities of a power shortage.

The move came as the country was forced to shut down two nuclear reactors while also delaying the scheduled operation of two newly built reactors due to various control cables of sub-standard quality that were supplied and used under fake test results and quality certificates.



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