KESISKorea Energy Statistical
Information System

1. The Economy and the Industry

The mining & manufacturing production index went up by 1.3% year-on-year in June, as semiconductor and automobile production increased.

The service production index posted a year-on-year growth of 4.0% (in June), as the production increased in all sub-sectors of the service industry, especially in the food & accommodation sector.

2. Energy Prices[1]

Global oil price increased in June from the previous month, despite concerns about interest rate hikes and another lockdown in China, partly due to the sanctions on Russian crude oil.

Gasoline and diesel prices went up by 5.9% and 6.4% respectively in June compared to the previous month, because the unit price of crude oil imports increased.

In June, the relative price of propane in terms of city gas for industrial customers (propane/city gas) remained the same as the previous month at 1.54.

City gas rates were almost flat in June compared to the previous month in all end-use sectors.

Electric rate for residential customers was unchanged, while the rates for general and industrial customers rose sharply, as they were adjusted for the summer season (Jun-Aug).

3. Energy Supply

The total energy import volume dropped by 3.2% year-on-year in June, as the import of major energy sources all declined except anthracite.

4. Energy Consumption

Total Primary Energy Supply (TPES) went down by 1.8% year-on-year in June, despite growing use of nuclear energy, as petroleum and gas use decreased.

Total Final Consumption (TFC) was down 5.1% year-on-year (in June), with the industrial and transport sectors posting a sharp fall in energy use.

5. Coal

Coal use grew by 0.6% year-on-year in June, as it rebounded in the industrial sector, though it continued to decline in the power generation sector.

6. Petroleum

Petroleum use plunged by 11.0% year-on-year in June, owing to a sharp drop in the transport and industrial sectors.

7. Gas

Gas use posted a year-on-year drop of 3.9% in June, as it dropped faster in the power generation sector, though its industrial use slightly increased.

8. Electricity

Electricity use went up by 2.3% year-on-year in June, as it rapidly increased in the commercial sector. However, the pace of growth has been slowing.

9. Nuclear energy

The total nuclear generation went up by 30.2% year-on-year in June, as its capacity factor increased due to a drop in the number of reactors that were under planned preventive maintenance.

10. Heat and Renewable energy

Heat energy use posted a year-on-year growth of 1.7% in June, as it grew in all sub-sectors except the residential sector.

Renewable & other energy use went up by 8.5% year-on-year (in June), with the power generation sector leading the growth.

11. The Industry Sector

Industrial energy use decreased by 3.3% year-on-year in June, as it declined in all of the major industrial sectors that consume a large amount of energy.

12. The Transport Sector

Transport energy use fell by 15.2% year-on-year in June, driven by a sharp drop in the road transport sector, although it grew in the aviation sector.

13. The Buildings Sector

Energy use in buildings remained almost flat in June on a year-on-year basis, as decreased energy use in the residential sector was offset by increased energy use in the commercial sector.

14. Transformation

The total power generation and fuel input increased by 3.9% and 5.8% respectively in June on a year-on-year basis, driven by strong growth in electricity consumption.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

1. The Economy and the Industry

The mining & manufacturing production index went up by 7.4% year-on-year in May, as production activities increased in most of the sectors.

The service production index grew by 7.3% yoy, as businesses started to recover following the termination of social distancing measures and a drop in the number of Covid-19 cases.

2. Energy Prices[1]

Global oil price increased, after the Chinese government decided to ease lockdown measures, and OPEC-plus sticked to the original plan for oil output increases.

Gasoline price fell by 0.5%, and diesel price grew by 3.0% from the prior month due to the global prices increase, despite of the additional fuel tax cut.

The price of butane, which is used as transportation fuel, dropped by 2.5% from the previous month, owing to the reduction in domestic prices, bigger fuel tax cut and sales charge exemption.

The relative price of propane in terms of city gas for industrial customers (propane/city gas) rose by 18.1% to 1.54 in May from the previous month.

City gas rates for office heating and industrial customers declined in May, while the rates for residential and general customers increased.

Electric rate has not changed in May since it was raised in the previous month.

3. Energy Supply

The total energy import volume posted a year-on-year growth of 1.4% in May, led by bituminous coal and crude oil.

4. Energy Consumption

The Total Primary Energy Supply (TPES) went up by 3.3% year-on-year in May, due to growing use of petroleum and nuclear energy, although coal and gas use declined.

Total Final Consumption (TFC) rose by 2.2% year-on-year (in May), despite a drop in industrial energy use, as it rebounded in the transport sector.

5. Coal

Coal consumption declined by 2.6% year-on-year in May, as it continued to decline in the industrial sector and started to decline in the power generation sector.

6. Petroleum

Petroleum use went up by 4.1% year-on-year in May, led by strong growth in the transport sector, although it slightly decreased in the industrial sector.

7. Gas

Gas use declined by 1.5% year-on-year in May, as it grew more slowly in the industrial sector and decreased in the power generation and building sectors.

8. Electricity

Electricity use increased by 3.3% year-on-year in May, as it grew quite strongly in the commercial and industrial sectors.

9. Nuclear energy

The total nuclear generation went up by 14.5% year-on-year in May, as nuclear capacity factor increased due to a drop in the number of reactors that were shut down.

10. Heat and Renewable energy

Heat energy use declined by 8.6% year-on-year in May, as it plunged in the residential sector.

Renewable & other energy use posted a year-on-year growth of 12.2%, with the power generation sector leading the growth, although it declined in the final energy consumption.

11. The Industry Sector

Industrial energy use decreased by 0.8% year-on-year in May, with the primary metals sector leading the downward trend, although the fabricated metals sector consumed more energy.

12. The Transport Sector

Transport energy use climbed by 14.1% year-on-year in May, as it grew in all sub-sectors, and especially, strongly rebounded in the road transport sector.

13. The Buildings Sector

Energy use in buildings was up 0.8% year-on-year in May, with the commercial & public sectors leading the growth amid a steady recovery of the service sector.

14. Transformation

The total power generation and fuel input increased by 4.2% and 5.6% respectively in May from the same month last year in line with the fast growth in electricity use.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

1. The Economy and the Industry

The mining & manufacturing production index increased by 3.7% year-on-year in April, led by the rise in semiconductor production, although the overall industrial production was sluggish.

The service production index went up by 5.0% year-on-year in April, as production activities increased following the removal of social distancing rules.

2. Energy Prices[1]

Global oil price dropped by 7.3% in April from the previous month, following the announcement from the International Energy Agency (IEA) of the additional oil release from the member countries' reserves.

Gasoline and diesel prices went up by 2.0% and 4.4% respectively in April from the previous month due to the upward trend of crude oil import prices.

Propane and butane prices went up by 5.8% and 7.4% in April than the prior month, as their supply prices increased.

The relative price of propane in terms of city gas for industrial customers (propane/city gas) rose by 6.9% to 1.31 in April from the previous month.

City gas rates increased in all end-use sectors in April, as the rise in LNG import price was reflected in the raw material cost.

Electric rates for residential, general and industrial customers went up by 4.7%, 10.5% and 8.8% mom in April, owing to the raise in energy charge and climate change & environmental charge.

3. Energy Supply

The total energy import volume grew by 3.5% year-on-year in April, led by the growth in crude oil and LNG imports.

4. Energy Consumption

The Total Primary Energy Supply (TPES) declined by 1.6% year-on-year in April, despite growing use of nuclear energy, as coal, petroleum and gas use all decreased.

The Total Final Consumption (TFC) went down by 2.3% year-on-year in April, owing to a sharp drop in the transport sector, though it increased in the building sector.

5. Coal

Coal use declined by 5.2% year-on-year in April, with the industrial sector leading the downward trend, though it increased in the power generation sector. /p>

6. Petroleum

Petroleum use went down by 3.2% year-on-year in April, owing to the falling demand in the transport and building sectors, while it increased in the industrial sector.

7. Gas

Gas use slid by 1.4% year-on-year in April due to the weak demand in the power generation sector, though it increased in the industrial and building sectors.

8. Electricity

Electricity use posted a year-on-year growth of 4.4% in April, as it grew quite strongly in both of the industrial and building sectors.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 6.7%, as its capacity factor increased due to a drop in the number of reactors that were subject to preventive maintenance.

10. Heat and Renewable energy

Heat energy use went up by 2.1% year-on-year in April, with the commercial sector driving the growth.

Renewable & other energy use grew by 10.7% year-on-year, and the power generation sector led the growth.

11. The Industry Sector

Industrial energy use dipped 0.2% year-on-year in April, as it declined in the primary metals sector, though it increased in the petrochemical sector.

12. The Transport Sector

Transport energy use fell by 17.1% year-on-year in April, as it declined in all sub-sectors except the navigation sector, and the pace of decline was faster in the road transport sector.

13. The Buildings Sector

Energy use in buildings increased by 5.1% year-on-year in April, which was led by the commercial sector amid the recovery of the service industry.

14. Transformation

The total power generation and fuel input went up by 2.7% and 3.6% respectively in April on a year-on-year basis, as electricity use increased quite significantly.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

1. The Economy and the Industry

The mining & manufacturing production index posted a year-on-year growth of 3.7% in March as a result of the overall increase in industrial production activities except the automobile production.

The service production index increased by 3.7% yoy in March, as social distancing rules were eased.

2. Energy Prices[1]

Global prices of major energy sources surged all together in March amid escalating geopolitical risks.

Gasoline and diesel prices rose sharply in March from the previous month, owing to the global oil price increase.

The relative price of propane versus city gas for industrial customers (propane/city gas) increased by 4.5% to 1.22 in March compared to the previous month.

City gas rates remained flat in March at the previous month's level, which was aimed at alleviating the burden on consumers.

Electric rates for general and industrial customers declined in March, as it was adjusted for the spring/autumn season, while the rate was flat for residential customers compared to the previous month.

3. Energy Supply

The total energy import volume increased by 7.5% year-on-year in March, as the import of almost all major energy sources increased except coal.

4. Energy Consumption

The Total Primary Energy Supply("TPES") grew by mere 1.6% year-on-year in March, as coal use started a downward slide, and the use of nuclear energy grew at slower pace.

The Total Final Consumption rose by 1.0% year-on-year (in March), led by the buildings sector, although it declined in the industrial and transport sectors.

5. Coal

Coal use fell by 7.7% year-on-year in March, as it fell more sharply in the industrial sector and started to decline in the power generation sector.

6. Petroleum

Petroleum use increased by 3.0% year-on-year in March, with the industrial sector taking the lead, although it declined in the transport and buildings sectors.

7. Gas

Gas use increased by 7.7% year-on-year in March, led by the power generation and building sectors, although it declined in the industrial sector.

8. Electricity

Electricity use rose by 6.4% year-on-year in March as a result of the increased production activities and heating demand.

9. Nuclear energy

The total nuclear generation remained flat in March on a year-on-year basis, as the number of reactors that were shutdown was the same as in March last year.

10. Heat and Renewable energy

Heat energy use went up by 3.6% year-on-year in March, as it increased in all end-use sectors.

Renewable and other energy generation[2] went up by 3.1% year-on-year in March, led mostly by Solar PV and fuel cell.

11. The Industry Sector

Industrial energy use slid by 0.2% year-on-year in March, despite the growth in the petrochemical sector's energy use, as it declined in the primary metals sector.

12. The Transport Sector

Transport energy use dropped by 5.0% year-on-year in March, driven by a sharp drop in the road transport sector amid rising oil prices.

13. The Buildings Sector

Energy use in buildings soared year-on-year in March due to temperature effect and stronger performance of the service sector.

14. Transformation

The total power generation and energy input went up by 4.8% and 3.1% respectively in March, as electricity use grew decently.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] The installed capacity and power generation figures were derived from the 'Renewable energy' and 'Other energy' categories in KEPCO's 'The Monthly Report on Electric Power Statistics'. From March 2021, waste energy was integrated into the 'Other energy' category, which was then renamed 'Waste & Other energy'. Hydropower is excluded in renewable & other energy generation data in Energy Balance.

1. The Economy and the Industry

The mining & manufacturing production index posted a year-on-year growth of 6.3% in February, despite a drop in iron & steel production, as the overall industrial activities increased.

The service production index picked up 3.8% year-on-year in February, which was affected by the recovery in the consumer sentiment index and base effect.

2. Energy Prices[1]

Global oil price jumped 10.3% in February from the previous month amid escalating geopolitical risks from the Russia-Ukraine crisis.

Gasoline and diesel prices went up by 4.9% and 5.7% respectively in February from the prior month, in line with the global oil price trend, even though the fuel tax cut was still in place.

Propane and butane prices dropped by 0.7% and 2.0% respectively in February than the previous month, as domestic LPG price was cut down.

The relative price of propane versus city gas for industrial customers (propane/city gas) went down by 0.8% to 1.17 in February.

City gas rates for office heating and industrial customers fell by 2.0% and 2.2% respectively in February on a month-on-month basis.

Electric rate was flat in February compared to the prior month, as Fuel Cost Pass-Through Adjustment Rate was kept at KRW 0/kWh.

3. Energy Supply

The total energy import volume dropped by 1.3% year-on-year in February because of a sharp drop in gas import, although the import of most energy sources increased.

4. Energy Consumption

Total Primary Energy Supply("TPES") increased by 5.7% year-on-year in February despite the slower growth in petroleum use, as the use of coal and gas rebounded.

Total Final Consumption("TFC") was up 3.8% year-on-year in February owing to the surging energy use in buildings, although the industrial energy use grew more slowly.

5. Coal

Coal use posted a year-on-year growth of 3.9% in February, with the power generation sector taking the lead, although its industrial use declined.

6. Petroleum

Petroleum use increased by 3.8% year-on-year in February, while it declined in the transport sector and grew more slowly in the industrial sector.

7. Gas

Gas use posted a year-on-year growth of 7.5% in February, despite a drop in gas use for power generation, as it rose fast in the industrial and buildings sectors.

8. Electricity

Electricity use went up by 5.2% year-on-year in February, as production activities increased in the industrial and commercial sectors.

9. Nuclear energy

The total nuclear generation rose by 9.9% year-on-year in February along with increased capacity factors, as the number of reactors that were subject to an unscheduled shutdown decreased.

10. Heat and Renewable energy

Heat energy use posted a year-on-year growth of 18.9% in February, as it increased in all end-use sectors, with the residential sector taking the lead in the growth.

Renewable and other energy generation[2] grew by 24.9% year-on-year in February, led by bioenergy, solar PV and fuel cells.

11. The Industry Sector

Industrial energy use increased by 1.9% year-on-year in February, driven by growing energy use in the petrochemical and fabricated metals sectors.

12. The Transport Sector

Transport energy use dropped by 1.6% year-on-year in February, as it declined in the road transport sector owing to the higher price of transport fuel.

13. The Buildings Sector

Energy use in buildings rose sharply in February on a year-on-year basis, which was affected by temperature conditions and better performance of the service industry.

14. Transformation

The total power generation and energy input increased by 7.9% and 7.6% respectively in February on a year-on-year basis due to the growing electricity use.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] The installed capacity and power generation figures were derived from the 'Renewable energy' and 'Other energy' categories in KEPCO's 'The Monthly Report on Electric Power Statistics'. From March 2021, waste energy was integrated into the 'Other energy' category, which was then renamed 'Waste & Other energy'. Hydropower is excluded in renewable & other energy generation data in Energy Balance.

1. The Economy and the Industry

The mining & manufacturing production index grew by 4.3% year-on-year in January as a result of the overall growth in industrial production activities, although the automobile production declined.

The service production index grew by 4.7% year-on-year in January, despite enhanced social distancing rules, which was attributed to base effect and increased Covid-19 vaccination rates.

2. Energy Prices[1]

Global oil price rose by 14.7% month-on-month in January amid growing geopolitical risks in the oil producing countries.

Gasoline and diesel prices dropped by 0.7% and 1.0% month-on-month in January in line with the global oil price decline in December.

Propane and butane prices fell by 0.6% and 1.4% month-on-month in January, as supply prices were lowered.

The relative price of propane and city gas for industrial customers (propane/city gas) went down by 9.8% to 1.18.

City gas rates for office heating and industrial customers went up by 7.7% and 8.6% respectively in January on a month-on-month basis.

Electric rate was flat in January compared to the previous month, as Fuel Cost Pass-Through Adjustment Rate was kept at KRW 0/kWh.

3. Energy Supply

The total energy import volume posted a year-on-year growth of 15.7% in January, as the import of almost all energy sources increased.

4. Energy Consumption

Total Primary Energy Supply ("TPES") recorded a year-on-year increase of 6.1% in January, led by petroleum and nuclear energy, although gas and coal use decreased.

Total Final Consumption ("TFC") posted a year-on-year growth of 6.7% in January, led by the industrial and transport sectors, although it declined in the building sector.

5. Coal

Coal use slid by 0.2% year-on-year in January, with the industrial sector leading the downward trend, although it increased in the power generation sector.

6. Petroleum

Petroleum use posted a year-on-year growth of 15.0% in January, led by the industrial sector where the use of petroleum as feedstock continuously increased.

7. Gas

Gas use dropped by 6.2% year-on-year in January, as it grew more slowly in the industrial sector and decreased in the power generation and building sectors.

8. Electricity

Electricity use recorded a year-on-year growth of 2.1% in January, though it declined in buildings, as industrial electricity use grew decently.

9. Nuclear energy

The total nuclear generation went up by 14.7% year-on-year in January, as its capacity factor increased, with the number of reactors under planned preventive maintenance decreasing.

10. Heat and Renewable energy

Heat energy use dropped by 2.3% year-on-year in January, with the residential sector taking the lead, although it increased in the commercial sector.

Renewable and other energy generation[2] posted a year-on-year growth of 27.4% in January, led by bio energy, solar PV and fuel cells.

11. The Industry Sector

Industrial energy use went up by 8.7% year-on-year in January, which was driven by a surge in energy use, especially naphtha, in the petrochemical sector.

12. The Transport Sector

Transport energy use made a year-on-year growth of 15.1% in January, as it grew in the road, aviation and navigation sectors all together.

13. The Buildings Sector

Energy use in buildings dropped by 1.2% year-on-year in January, as the use of most energy sources declined, affected by decreased number of heating degree days.

14. Transformation

The total power generation and energy input increased by 3.1% and 3.2% respectively in January on a year-on-year basis responding to the growing electricity demand.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] The installed capacity and power generation figures were derived from the 'Renewable energy' and 'Other energy' categories in KEPCO's 'The Monthly Report on Electric Power Statistics'. From March 2021, waste energy was integrated into the 'Other energy' category, which was then renamed 'Waste & Other energy'. Hydropower is excluded in renewable & other energy generation data in Energy Balance.

1. The Economy and the Industry

GDP for 2021 Q4 posted a year-on-year increase of 4.2% thanks to the growth in private consumption and facility investment, although the construction investment suffered a decrease.

Despite a decline in steel production, the mining & manufacturing index in December soared by 7.4% year-on-year due to overall increase of production activities.

The service production index grew by 5.8% year-on-year, led by a base effect and the Gradual Return to New Normal policy.

2. Energy Prices[1]

Global oil price in December plunged by 8.4% month-on-month as many concerned about a possible decline in the oil demand due to Omicron variant of Coronavirus.

In December, the prices for gasoline and diesel dropped by 5.2% month-on-month, due to the mark-down of the fuel taxes and a decrease in global prices.

The relative price of industrial propane and city gas (propane / city gas) was 1.31, posting a month-on-month drop of 8.9%.

As for the city gas rates in December, the commercial and industrial uses rose by 10.3% and 17.2%, respectively, month-on-month.

Electric rates in December was kept the same after Fuel Cost Pass-Through Adjustment Rate was raised by KRW 3/kWh for the fourth quarter.

3. Energy Supply

Despite of a drop in bituminous coal and LNG imports, the total energy import volume in December went up by 2.6% year-on-year as crude oil and petroleum product imports jumped.

4. Energy Consumption

In December, Total Primary Energy Supply ("TPES") posted a year-on-year increase of 6.0% as all energy sources except gas showed a growth in consumption.

Total Final Consumption ("TFC") jumped by 7.3% year-on-year mainly in the industrial and transport sectors.

5. Coal

Despite a decline in the industrial sector, the total coal use in December climbed up by 4.4% driven by a rapid increase in the power generation sector.

6. Petroleum

Petroleum use in December surged by 16.8% year-on-year as all sectors except the building sector posted a massive increase.

7. Gas

Gas use in December fell by 6.9% year-on-year driven by the decrease in the power generation and building sectors, although the industrial consumption posted a slight increase.

8. Electricity

Electricity use in December stepped up by 4.9% year-on-year as both the industrial and building sectors showed a rapid growth.

9. Nuclear energy

In December, nuclear generation rose by 9.8% year-on-year as the capacity factor went up with the number of units on shutdown decreased.

10. Heat and Renewable energy

Despite of a growth in the commercial sector, the heat energy use in December declined by 2.2% year-on-year led by the residential sector.

Renewable and other energy generation[2] climbed up by 7.9% year-on-year driven by solar PV, fuel cell and wind.

11. The Industry Sector

Industrial energy use in December grew by 8.1% year-on-year as the petrochemical sector showed a rapid increase in energy consumption, mainly for naphtha.

12. The Transport Sector

In December, the energy use in the transport sector rose by 14.9% year-on-year as all sectors - road, air and marine transport - witnessed an increase.

13. The Buildings Sector

Although the residential sector showed a decrease, the total energy use in the building sector in December inched up by 1.0% year-on-year led by the commercial & public sector.

14. Transformation

In December, both the total power generation and energy input for generation grew by 3.4% year-on-year due to increased electricity consumption.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] Installed capacity and power generation data for renewable energy sources is from Renewable & Other energy section of KEPCO's Monthly Electricity Statistics. As of March 2021, Waste Energy was integrated into Other Energy section; renaming the section to Waste & Other Energy. In Energy Balance, hydropower was excluded from renewable and other energy generation data

1. The Economy and the Industry

The mining & manufacturing index in November rose by 6.3% year-on-year as the drop in automobile production slowed down and the industrial sector took a turn for the better

The service production index increased by 5.4% year-on-year as production activities picked up with the nation entering into the first phase of Gradual Return to Normal

2. Energy Prices[1]

In November, the average global oil price posted a year-on-year decline due to several factors including major countries' decision to release oil from their Strategic Petroleum Reserve and an emergence of new variants of COVID-19 virus

Although the fuel taxes were marked down, the prices for gasoline and diesel in November increased by 1.5% and 2.7% respectively month-on-month due to a growth in global prices

The prices for propane and butane in November rose by 6.9% and 7.4% respectively due to a markup of supply prices

In November, the city gas rates for commercial and industrial uses were marked up by 13.7% and 16.5% respectively on the month-on-month basis

Electricity rates for November were kept the same after Fuel Expenses Adjustment Fee was raised by KRW 3/kWh in October

3. Energy Supply

The total energy import volume in November soared by 7.4% year-on-year as many major energy sources except bituminous coal showed a growth in imports

4. Energy Consumption

In November, Total Primary Energy Supply ("TPES") posted a year-on-year increase of 5.0% led by petroleum, coal and gas, although nuclear witnessed a drop

Despite of a decline in the transport sector, Total Final Consumption ("TFC") jumped by 6.0% year-on-year driven by the industrial and building sectors

5. Coal

In November, coal use rose by 10.1% year-on-year as both the industrial and power generation sectors witnessed a rapid growth

6. Petroleum

Despite of a decrease in the transport and building sectors, the petroleum use in November rose by 8.5% year-on-year led by the industrial sector

7. Gas

Gas use in November was up by 2.9% year-on-year as gas consumption in all of the power generation, final industrial and building sectors went up

8. Electricity

In November, electricity use grew by 4.1% year-on-year as all sectors except transportation witnessed an increase in power consumption

9. Nuclear energy

In November, nuclear generation was down by 3.4% year-on-year as capacity factor went down with the increased number of units in planned preventive maintenance projects

10. Heat and Renewable energy

Heat energy use in November grew by 2.1% year-on-year as all sectors showed an increase

Renewable and other energy generation[2] rose by 10.6% year-on-year led by solar PV, fuel cell and wind

11. The Industry Sector

Industrial energy use in November soared by 13.0% year-on-year as production increased in all major industries except automobile

12. The Transport Sector

Despite of a growth in the marine transportation, the total energy use in the transport sector dropped by 10.0% year-on-year due to a decrease in the road and air transport sectors

13. The Buildings Sector

Energy use in the building sector in November inched up by 1.4% year-on-year as major energy sources except petroleum showed a growth with an increase in heating degree days

14. Transformation

The total power generation in November rose by 4.3% year-on-year with electricity consumption increasing. On the same note, fuel consumption for power generation climbed up by 3.0%

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] Installed capacity and power generation data for renewable energy sources is from Renewable & Other energy section of KEPCO's Monthly Electricity Statistics. As of March 2021, Waste Energy was integrated into Other Energy section; renaming the section to Waste & Other Energy. In Energy Balance, hydropower was excluded from renewable and other energy generation data

1. The Economy and the Industry

The mining & manufacturing index in October posted a year-on-year growth of 4.5% as overall production activities picked up despite of poor production in the automobile sector.

The service production index stepped up by 5.1% year-on-year as production went up with Social Distancing regulation being eased.

2. Energy Prices[1]

In October, the average global oil price continued to grow rapidly, posting a 12.6% increase on the year-on-year basis. Similarly, LNG soared by 8.2% and coal rose by 27.6% year-on-year.

In October, the prices for gasoline and diesel grew by 4.2% and 5.0% respectively on the month-on-month basis due to increased global prices.

The prices for propane and butane in October stayed at the same as last month as the supply prices were frozen.

As for city gas rates in October, the rates for commercial and industrial uses were raised up by 3.9% and 5.2%, respectively, on the month-on-month basis.

In October, the electricity rate was raised for the first time in ten months after the FAM scheme took effect by 3KRW/kWh.

3. Energy Supply

The total energy import volume in October rose by 7.7% year-on-year with a growth in crude oil, petroleum product and LNG imports, although bituminous coal imports dropped.

4. Energy Consumption

In October, Total Primary Energy Supply ("TPES") posted a year-on-year growth of 5.6%, driven by petroleum and gas.

On the back of increased energy consumption in the industrial and building sectors, Total Final Consumption ("TFC") rose by 7.1% year-on-year, although the transport sector experienced a slight decrease.

5. Coal

The total coal use in October increased by 1.2% year-on-year driven by the power generation sector, although the industrial sector witnessed a slight decline.

6. Petroleum

Petroleum use in October soared by 12.4% year-on-year driven by the industrial sector, which showed a massive increase in naphtha consumption.

7. Gas

Despite of a decrease in the building sector, the total gas use in October climbed up by 5.5% year-on-year driven by gas consumed for power generation and industrial uses.

8. Electricity

In October, electricity use rose by 7.1% year-on-year as all sectors experienced a growth thanks to increased production activities in the industrial and service sectors.

9. Nuclear energy

In October, the amount of nuclear power generation remained the same as in October of last year because the number of units in planned preventive maintenance project remained the same as well.

10. Heat and Renewable energy

The total heat energy use in October inched down by 0.1% year-on-year driven by a slight decrease in the residential sector, which has the largest share in the heat energy consumption mix.

Renewable and other energy generation[2] posted a year-on-year increase of 5.1% driven by solar PV, fuel cell and bio energy.

11. The Industry Sector

The energy use in the industrial sector in October rose by 9.6% year-on-year as all major industries except automobile posted an increase in production.

12. The Transport Sector

Despite of an increase in air and marine transport sectors, the energy use in the transport sector in October inched down by 0.5% year-on-year due to a fall in the road transport sector.

13. The Buildings Sector

Energy use in the building sector in October went up by 5.4% year-on-year as the commercial & public sector witnessed a massive increase in its energy consumption.

14. Transformation

The total power generation in October rose by 6.1% year-on-year with electricity consumption increasing. On the same note, energy input for power generation climbed up by 3.4%.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] Installed capacity and power generation data for renewable energy sources is from Renewable & Other energy section of KEPCO's Monthly Electricity Statistics. As of March 2021, Waste Energy was integrated into Other Energy section; renaming the section to Waste & Other Energy. In Energy Balance, hydropower was excluded from renewable and other energy generation data

1. The Economy and the Industry

The mining & manufacturing index in September posted a year-on-year decline of 1.8% due to weak production in the automobile sector although overall production activities showed signs of recovery

The service production index stepped up by 3.4% year-on-year as service production activities picked up thanks to National Relief funds being distributed

2. Energy Prices[1]

In September, the global average crude oil price stepped up by 5.5% month-on-month. Similarly, the prices of all energy sources rapidly rose up with a 5.9% increase for LNG and a 9.5% increase for coal

The prices for gasoline and diesel stayed at the last month's level as the growth in global oil price was not reflected in the prices

As the supply prices were marked up due to an increase in global price in August, the prices for propane and butane in September went up by 2.2% and 3.0% month-on-month

In September, city gas prices for commercial use and industrial use were marked up by 6.7% and 8.4%, respectively, on a month-on-month basis

After Fuel Adjustment Mechanism (FAM) was implemented, the electricity price in September was frozen for the third quarter as well, staying the same for nine months in a row

3. Energy Supply

The total energy import volume in September soared by 7.9% year-on-year with a growth in petroleum product and LNG imports, although crude oil and coal imports showed a decline

4. Energy Consumption

In September, Total Primary Energy Supply ("TPES") posted a year-on-year increase of 4.5% on the back of a massive growth in nuclear and petroleum consumption, although coal use witnessed a fall

Driven by the industrial and transport sectors, Total Final Consumption ("TFC") rose by 5.6% year-on-year, although the building sector witnessed a decrease

5. Coal

Despite of a growth in the industrial sector, the total coal use in September posted a year-on-year decrease of 8.6% driven by a dramatic fall in the power generation sector

6. Petroleum

As the industrial sector witnessed a massive increase and other sectors showed growth, the total petroleum use in September rose by 11.2% year-on-year

7. Gas

As gas use in the building sector declined and the growth in the power generation and industrial sectors slowed down, the total gas use in September ended in growing by 1.5% year-on-year

8. Electricity

Despite a growth in the commercial sector, the total electricity use in September inched down by 0.6% year-on-year as the building sector witnessed a fall in its power use due to a temperature effect

9. Nuclear energy

Nuclear power generation in September skyrocketed by 31.0% year-on-year as the number of units affected by unplanned outage significantly went down

10. Heat and Renewable energy

Despite of a decline in the residential sector, the total heat energy consumption in September increased by 2.5% year-on-year driven by the commercial & public sector

Renewable and other energy generation[2] significantly dropped by 14.6% year-on-year as water, waste & others experienced a massive fall

11. The Industry Sector

Even though the number of working days declined, the energy consumption in the industrial sector rose by 8.4% year-on-year as industrial production continued increasing

12. The Transport Sector

Even in the face of another COVID-19 wave, the energy use in the transport sector posted a year-on-year increase of 2.4% with increased energy consumption in the road and air transport sectors

13. The Buildings Sector

Energy use in the building sector went down by 1.8% year-on-year as the residential sector showed a drop due to a temperature effect and a base effect

14. Transformation

The total power generation in September ended up in increasing by around 1% as power consumption became stagnant. Similarly, energy input for generation stayed at last year's level

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production Ratio & Output by Sectors

International Energy Prices

Domestic Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Production Facilities and Statistics on Energy Consumption

[2] Installed capacity and power generation data for renewable energy sources is from Renewable & Other energy section of KEPCO's Monthly Electricity Statistics. As of March 2021, Waste Energy was integrated into Other Energy section; renaming the section to Waste & Other Energy. In Energy Balance, hydropower was excluded from renewable and other energy generation data