South Korea's electricity demand rose by 3.3% in 2018
According to a recent report by the Korea Electric Power Corp. (KEPCO), total electricity consumption increased by 3.3% in South Korea to 563 TWh in 2018. The highest growth has been driven by the residential sector, which recorded a 6.3% rise to 73 TWh, mainly due to a heat wave in the summer of 2018 that spurred air conditioning use. However, households only accounted for 13% of total electricity demand, while the industrial sector representing half of the consumption (279 TWh, i.e. 2.5% more than in 2017).
Electricity consumption in South Korea has been growing steadily since 2000, doubling from 263 TWh to 563 TWh in 2018. The electricity consumption of the industrial sector rose by 86% since 2000, while demand doubled in the residential sector and grew 2.6-fold in the services sector.
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