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Keyword：Electricity Demand Forecast
South Korea Raises 2040 Electricity Demand Forecast, Increment Equivalent to 19 Large Nuclear Power Units
A forum on the formulation of South Korea's 12th Basic Plan for Electricity Supply and Demand was held in Seoul on August 20. The new round of electricity demand forecasts submitted at the meeting showed that by 2040, South Korea's annual maximum electricity demand is expected to reach 158.4 GW to 165.0 GW, an upward revision of 26.6 GW to 26.8 GW compared to the forecast proposed in April this year. Based on the 1.4 GW single-unit capacity of the AP1400 large nuclear power unit under construction in South Korea, the increment in electricity demand from this upward revision is equivalent to the electricity provided by approximately 19 large nuclear power units operating at full power. The previous April forecast for the 2040 annual maximum electricity demand was 131.8 GW to 138.2 GW. The new forecast reflects semiconductor industry clusters...
2026-08-21
South Korea Has Not Yet Decided Whether to Include New Nuclear Power in the 12th Basic Plan for Electricity Supply and Demand
South Korea's Minister of Climate, Energy and Environment, Kim Sung-hwan, said during a meeting with reporters at the Sejong Government Complex on August 18 that the government has not yet reached a conclusion on whether to include new nuclear power plants in the 12th Basic Plan for Electricity Supply and Demand. Kim said that government policy cannot be determined solely by the personal will of the minister in charge, and it is not appropriate to make premature statements at this stage. He emphasized that related matters will be decided after going through the necessary deliberation process. Regarding whether nuclear power will be included in the 12th Basic Plan for Electricity Supply and Demand, the government plans to clarify the direction of discussion as soon as possible, including how public opinions will be reflected, how the review procedures involving experts and public participation will be structured, and what methods will be used to conduct debates or public discussions before the plan is released...
2026-08-19