KESISKorea Energy Statistical
Information System

1. The Economy and the Industry

The mining & manufacturing production index in August posted a year-on-year growth of 9.7% as production in all sectors increased with signs of recovery across all industries

Despite weak production in the food&accommodation sector, the service production index showed a year-on-year growth of 4.2% due to an increase in the production in the wholesale&retail sector

2. Energy Prices[1]

In August, the global average crude oil price declined by 5.4% month-on-month as several factors including another wave of COVID-19 pandemic, the U.S. asking to increase oil production and the prospect of tapering to be implemented by the Fed came into play

In spite of a fell in global oil price, the prices for gasoline and diesel increased by 1.0% and 1.1% month-on-month, respectively

Propane and butane prices in August went up by 3.8% and 5.1% month-on-month, as the supply price was marked up to reflect an increase in the global price in July

In August, 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 August was frozen for the third quarter as well, staying the same for eight months in a row

3. Energy Supply

The total energy import volume rose by 18.3% year-on-year with the imports of all energy sources growing

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in August dropped by 4.2% year-on-year as the growth in gas and coal use slowed down massively, mainly in the power generation sector

Driven by economic recovery as well as the industrial and building sectors, Total Final Consumption (“TFC”) soared by 8.3% year-on-year

5. Coal

Despite of a drop in the power generation sector, coal use in August grew by 1.2% year-on-year driven by an increase in the industrial sector

6. Petroleum

Although the transport sector witnessed a decline, the total petroleum use in August rose by 8.8% year-on-year thanks to an increase in the industrial and building sectors

7. Gas

Despite a drop in the building sector, the gas use posted a year-on-year growth of 2.7% with rising gas consumption in the industrial and power generation sectors amidst business recovery

8. Electricity

Electricity use in August rose by 9.7% year-on-year as the industry sector, thanks to business recovery, and building sector went up in their power consumption

9. Nuclear energy

Nuclear power generation in August grew by 2.0% year-on-year as less units in nuclear power plants were in planned preventive maintenance mode to make generation facility utilization rate rise

10. Heat and Renewable energy

In spite of a decline in the residential sector, the total heat energy use in August posted a year-on-year growth of 8.4% thanks to increased consumption in the commercial & public sector

Renewable and other energy generation[2] dropped by 9.8% year-on-year as water, wind and waste & others witnessed a massive decline

11. The Industry Sector

Energy use in the industrial sector stepped up by 10.7% year-on-year as the production indexes of major industries continued to grow

12. The Transport Sector

Energy use in the transport sector inched down by 0.2% year-on-year as the road transport sector experienced a decline amidst another wave of COVID-19 pandemic

13. The Buildings Sector

Despite of a decrease in cooling degree days, the energy use in the building sector rose by 8.9% year-on-year

14. Transformation

While the total power generation went up by 1.5% year-on-year due to increase electricity consumption, energy input for generation inched down by 0.1%

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

Despite of weak production in the automobile sector, the mining & manufacturing production index in July rose by 7.7% year-on-year as most of the industries showed an upward trend

Despite of weak production in the food & accommodation sector, the service production index was up by 4.0% year-on-year with the production in the wholesale & retail sector rising

2. Energy Prices[1]

In July, the global average crude oil price showed a month-on-month growth of 1.5% due to a delay of the OPEC+ agreement on unwinding production curbs and a decline in the U.S. crude oil reserve

The prices for gasoline and diesel increased by 3.3% and 3.7% month-on-month, driven by a growth in global oil price

Propane and butane prices in July went up by 1.8% and 3.2% month-on-month, as the supply price was marked up to reflect an increase in the global price in June

In July, city gas prices for commercial use and industrial use were marked up by 3.8% and 4.8%, respectively, on a month-on-month basis

Electricity price in July stayed at the first quarter’s level as the price for the second quarter was frozen

3. Energy Supply

Although the import volume of crude oil declined, the total energy import volume in July increased by 12.6% year-on-year due to a rise in the imports of petroleum products coal ,and LNG

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in July posted a year-on-year increase of 9.2% as all energy sources except nuclear experienced an increase in consumption

Mainly driven by the industrial sector, Total Final Consumption (“TFC”) posted a year-on-year increase of 8.2% with energy consumption in all sectors growing

5. Coal

Coal use in July posted a year-on-year growth of 5.4% with the coal consumption in the industrial and power generation sectors increasing

6. Petroleum

Petroleum use in July posted a year-on-year increase of 9.1% as the petroleum use in all sectors including the industrial sector stepped up for two months in a row

7. Gas

Despite of a decline in the use of building sector, the natural gas use in July significantly grew by 29.1% year-on-year as gas consumption in the power generation and industrial sectors went up

8. Electricity

Electricity use in July stepped up by 9.5% year-on-year as both the industrial and building sectors posted a significant growth due to an increase in production activity and cooling demand

9. Nuclear energy

Nuclear power generation in July dropped by 10.3% year-on-year as generation facility utilization rate fell due to an increase in the number of nuclear units in planned preventive maintenance

10. Heat and Renewable energy

Heat energy use in July decreased by 1.0% year-on-year as the residential sector, which has the largest share in the consumption mix, witnessed a decline in its heat use

Renewable and other energy generation[2] rose by 19.8% year-on-year as solar PV generation increased massively

11. The Industry Sector

Energy use in the industrial sector rose by 10.7% year-on-year as the upward trend of production indexes in major industries

12. The Transport Sector

Energy use in the transport sector in July increased by 1.2% year-on-year as the road and marine transport sectors experienced an increase, canceling out the impact of a decline in the air transport sector

13. The Buildings Sector

Energy use in the building sector rose by 6.8% year-on-year as all sectors experienced an increase due to a growth in the cooling demand and production activities

14. Transformation

As electricity consumption stepped up massively in July, total generation and energy input for generation increased by 16.0%% and 11.1% year-on-year, respectively

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

Despite of a decrease in the investment in the construction sector, GDP in the second quarter grew by 6.0% year-on-year as private consumption and facility investment became buoyant

The mining & manufacturing production index in June posted a year-on-year increase of 11.5% as industrial demand in the domestic and global markets kept recovering

With the demand in some industries recovering, the service production index was up by 5.0% year-on-year

2. Energy Prices[1]

In June, global energy prices including crude oil, coal and natural gas continued to climb up due to increased demand and supply restrictions

Gasoline and diesel prices in June increased by 2.3% and 2.7% month-on-month driven by an increase in global oil price

As the supply price declined due to a drop in global price in May, propane and butane prices in June were down by 1.6% and 2.3%, respectively, on a month-on-month basis

In June, city gas prices for commercial use and industrial use were marked up by 3.8% and 4.3%, respectively, on a month-on-month basis

Electricity price in June stayed at the first quarter’s level as the price for the second quarter was frozen

3. Energy Supply

The energy import volume of all energy sources in June increased by 2.7% year-on-year except for coal

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in June grew by 5.0% year-on-year with petroleum and gas consumption growing, although coal and nuclear energy use went down

Total Final Consumption (“TFC”) soared by 7.1% year-on-year as industrial energy consumption went up and the building and transport sectors witnessed a rebound in their energy consumption

5. Coal

Despite of an increase in the industrial sector, the total coal use in June decreased by 1.0% year-on-year due to a decline in the power generation sector

6. Petroleum

Petroleum use in June rose by 8.0% year-on-year as the industrial sector experienced a huge increase and other sectors went up in their petroleum consumption

7. Gas

Natural gas use in June rose by 28.1% year-on-year with gas consumption for power generation, final industrial and buildings all increasing

8. Electricity

Electricity use in June grew by 5.7% year-on-year as both the industrial and the building sectors witnessed an increase

9. Nuclear energy

Nuclear power generation in June dropped by 19.6% year-on-year as generation facility utilization rate fell due to an increase in the number of nuclear units in planned preventive maintenance

10. Heat and Renewable energy

Heat energy use in June rose by 21.6% year-on-year with heat consumption in all sectors increasing

Renewable and other energy generation[2] inched down by 0.2% year-on-year owing to a decline in wind as well as waste & other power generation

11. The Industry Sector

Energy use in the industrial sector in June grew by 8.4% year-on-year driven by increased working days and a continuing recovery in industrial production

12. The Transport Sector

Energy use in the transport sector, except the marine transport sector, in June increased by 4.7% year-on-year as the road and air transport sectors showed a growth in energy use

13. The Buildings Sector

Energy use in the building sector in June increased by 4.9% year-on-year as the energy consumption of most energy sources went up in all sectors

14. Transformation

As electricity consumption stepped up massively in June, total generation and energy input for generation increased by 3.7%% and 1.0% year-on-year, respectively

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 production index in May grew by 14.9% year-on-year as the economic recovery drove an increase in production activities

Despite of extended enforcement of Social Distancing measures, the service production index grew by 4.2% on a year-on-year basis on the back of increased production activities

2. Energy Prices[1]

Global average crude oil price in May rose by 5.2% month-on-month thanks to expectations for economic recovery in major countries and a decline in U.S. oil reserve

Gasoline and diesel prices in May both increased by 0.5% month-on-month driven by an increase in global oil price

Despite of a drop in global price, propane and butane prices in May stayed at last month’s level with LPG supply prices being frozen

In May, city gas prices for commercial use and industrial use dropped by 6.7% and 11.2%, respectively, on a month-on-month basis

As the electricity prices were fixed in the second quarter, it remained at the level reflecting the drop of 2.7KRW/kWh under the implementation of Fuel Adjustment Mechanism (FAM)

3. Energy Supply

The energy import volume for all energy sources in May increased by 4.1% year-on-year except for bituminous coal

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in May increased by 3.6% year-on-year with gas and coal consumption growing, although petroleum and nuclear energy usage were down

As industrial energy use grew with domestic and global economies recovering, Total Final Consumption (“TFC”) showed a year-on-year increase of 3.0%

5. Coal

Coal use in May posted a year-on-year growth of 5.8% thanks to a substantial increase in the industrial sector, canceling out the impact of a decline in the power generation sector

6. Petroleum

Petroleum use in May dropped in transport and building sectors by 2.7% year-on-year except in the industrial sector

7. Gas

Natural gas use in May soared by 36.3% year-on-year as gas consumption in the final industrial and building sectors increased and gas use for power generation shot up

8. Electricity

Electricity use in May grew by 6.4% year-on-year as the industrial sector, which has a large share in electricity consumption, witnessed a massive increase

9. Nuclear energy

Nuclear power generation in May dropped by 16.4% year-on-year as generation facility utilization rate fell due to an increase in the number of nuclear facilities in planned preventive maintenance

10. Heat and Renewable energy

Heat energy use in May soared by 19.4% year-on-year as the number of heating degree days went up and production activities became buoyant

Renewable and other energy generation[2] rose by 18.5% year-on-year driven by solar PV and bio energy generation with an increase in facility capacity

11. The Industry Sector

Despite of a drop in working days, energy use in the industrial sector stepped up by 8.1% year-on-year as industrial production continued to recover

12. The Transport Sector

Energy use in the transport sector in May dropped by 7.9% year-on-year due to a decline in the road transport sector, canceling out the increase in air and marine transport sectors

13. The Buildings Sector

Despite of a slight increase in the commercial sector, energy use in the building sector in May fell by 3.6% year-on-year due to the drop in the residential sector

14. Transformation

As electricity consumption stepped up massively in May, total generation and energy input for generation increased by 6.6% and 4.7% year-on-year, respectively

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 production index in April posted a year-on-year increase of 12.6% as the economy started to show signs of recovery, giving a boost to production activities

In spite of the spread of COVID-19 pandemic, the service production index grew by 8.3% year-on-year with production activities picking up

2. Energy Prices[1]

Global average crude oil price in April posted a month-on-month decline of 1.3% driven by the production increase by OPEC+ countries and resurgence of COVID-19 pandemic

Gasoline and diesel prices in April went up by 1.4% and 1.5% month-on-month, respectively, driven by the continuous impact of the increase in global oil prices

With LPG supply price getting frozen, propane and butane prices in April stayed at March level although global prices rose a month earlier

For city gas prices in April, the price for commercial use showed a month-on-month increase of 1.4% while the prices for general use and industrial use dropped by 1.2% and 3.8%, respectively

As the electricity prices were fixed in the second quarter, it remained at the level reflecting the drop of 2.7KRW/kWh under the implementation of Fuel Adjustment Mechanism (FAM)

3. Energy Supply

Although the import volume of crude oil and petroleum products increased, the total energy import volume in April declined by 3.8% year-on-year due to a drop in coal and LNG imports

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in April increased by 4.8% year-on-year with petroleum and gas consumption growing, although coal and nuclear energy use witnessed a decline

As energy use in the industrial and transport sectors rose thanks to a base effect and economic recovery, total Final Consumption (“TFC”) posted a year-on-year growth of 6.6%

5. Coal

Coal use in April posted a year-on-year decrease of 6.1% due to a steep drop in the power generation sector, offsetting the impact of a growth in the industrial sector

6. Petroleum

Petroleum use in April showed a year-on-year increase of 10.3% as the commercial and transport sectors witnessed an increase in petroleum consumption, except for the building sector

7. Gas

Natural gas use in April increased by 15.5% year-on-year as the power generation sector experienced a significant rise in gas use, offsetting the impact of a decline in final gas consumption

8. Electricity

Electricity use in April stepped up by 3.5% year-on-year as production activities in the industrial sector recovered

9. Nuclear energy

Nuclear power generation in April posted a year-on-year decline of 8.3% as generation facility utilization rate fell with an increased number of nuclear units in maintenance mode

10. Heat and Renewable energy

Despite of a drop in heating degree days, heat energy use in April showed a year-on-year increase of a mere 1.3% with the number of supply households increased

Renewable energy generation[2] increased by 4.7% year-on-year driven by solar PV, bio energy and fuel cell

11. The Industry Sector

Energy use in the industrial sector rose by 8.6% year-on-year as working days increased and production in the industrial sector recovered from COVID-19 pandemic

12. The Transport Sector

Energy use in the transport sector grew by 13.9% year-on-year due to a base effect from a sharp drop in energy consumption upon the onset of COVID-19 pandemic last year

13. The Buildings Sector

Despite of an increase in the commercial and public sectors, energy use in the building sector in April dropped by 5.0% year-on-year driven by a decline in the residential building sector

14. Transformation

As electricity consumption jumped up in April, total generation and energy input for generation grew by 3.1% and 0.8% year-on-year, respectively

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

Gross Domestic Product (GDP) in the first quarter grew by 1.9% year-on-year driven by a rise in government spending and equipment investment

The mining & manufacturing production index showed a year-on-year increase of 4.4% thanks to increased production in the semiconductor and basic chemical material industries

The service production index showed a year-on-year increase of 7.8% as the easing of Social Distancing regulations was retained

2. Energy Prices[1]

Global average crude oil prices in March increased by 5.6% on a month-on-month basis due to production cut by OPEC+ countries and increased geopolitical risks

Gasoline and diesel prices in March rose by 3.4% and 3.9% month-on-month, respectively, due to the continuous increase in global oil price

Propane and butane prices in March went up by 3.9% and 6.0% month-on-month, respectively, as LPG supply prices jumped up due to the increase in global prices in February

City gas prices for commercial heating and industrial uses increased by 7.1% and 8.3% respectively in March, compared to the previous month

Electricity prices in March remained the same as January, when Fuel Adjustment Mechanism (FAM) was implemented to drop all electricity price categories by 2.7KRW

3. Energy Supply

Despite of an increase in coal and LNG, the total energy import volume in March decreased by 0.3% year-on-year due to a drop in crude oil and petroleum product imports

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in March rose by 4.9% year-on-year as petroleum and gas use grew fast and coal consumption rebounded to post an increase

As energy use in the industrial and transport sectors rose thanks to a base effect and economic recovery, Total Final Consumption (“TFC”) went up by 5.1% year-on-year

5. Coal

Coal use in March posted a year-on-year growth of 0.4% driven by an increase in the industrial sector, offsetting the effect of a decrease in the generation sector

6. Petroleum

Petroleum use in March posted a year-on-year increase of 7.6% driven by the base effects from non-planed NCC operation shutdown last year as well as COVID-19 pandemic

7. Gas

Natural gas use in March posted a year-on-year increase of 8.6% as natural gas use for power generation skyrocketed and gas use for city gas also soared

8. Electricity

Despite of a slight decrease in the building sector, total electricity use in March went up by 0.5% year-on-year driven by a growth in the industrial sector

9. Nuclear energy

Nuclear power generation in March posted a year-on-year decline of 4.6% as generation facility utilization rate dropped with non-planned operation shutdown

10. Heat and Renewable energy

Heat energy use in March declined by 1.6% year-on-year as heat consumption in the residential sector dropped with lower demand for heating

Renewable energy generation[2] increased by 11.6% year-on-year driven by solar PV, bio energy and fuel cell

11. The Industry Sector

Energy use in the industrial sector soared by 6.6% year-on-year as business in the manufacturing industry showed signs of recovery from the impact of COVID-19 pandemic

12. The Transport Sector

Energy use in the transport sector increased by 7.1% year-on-year due to the base effect, caused by the onset of COVID-19 pandemic in March last year

13. The Buildings Sector

Energy use in the building sector in March inched down by 0.2% year-on-year as energy consumption in the residential buildings dropped driven by a temperature effect and a base effect

14. Transformation

Although electricity consumption slightly increased in March, total power generation and energy input for generation grew by 2.2% and 2.4% year-on-year, respectively

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]Renewable energy installed capacity and power generation data was derived from KEPCO’s Monthly Electricity Statistics. In Energy Balance, renewable and ‘the other’ energy generation excludes hydropower and includes non-renewable waste energy

1. The Economy and the Industry

Mining & manufacturing production index showed a year-on-year growth of 0.9% in February thanks to business recovery in the semiconductor and automobile sectors, despite the declined number of working days

Service production index increased by 0.7% year-on-year, showing signs of recovery mainly in wholesale & retail sectors as Social Distancing regulations have been loosened

2. Energy Prices[1]

Global oil price rose by 12.3% in February from previous month due to the cold snap enveloping Northeastern area in the United States and the output cut-down policy adopted by OPEC+

Gasoline and diesel prices jumped in February by 1.5% and 1.7%, respectively, thanks to the continuous rise in global oil prices

Propane and butane prices increased in February by 4.5% and 6.4% month-on-month, respectively, as LPG supply prices rose due to the increase in global prices in January

City gas prices for commercial heating and industrial uses increased by 5.8% and 6.8% respectively in February, compared to the previous month

February electricity rates stayed at the same level as last month, in which the electricity rates dropped for all uses with Fuel Adjustment Mechanism (FAM) being implemented

3. Energy Supply

The total energy import volume in February dropped by 5.7% year-on-year as all energy imports decreased except for LNG

Renewable and other energy production showed a year-on-year growth of 5.3% as Renewable Portfolio Standard mandatory ratio inched up by 1%p and power generation capacity expanded

4. Energy Consumption

Total Primary Energy Supply (“TPES”) in February decreased by 0.8% year-on-year as the growth in gas consumption slowed down and the coal consumption fell to post a decline

As energy consumption in the industrial sector rebounded to post an increase, following a recent decrease, Total Final Consumption (“TFC”) grew by 1.1% year-on-year

5. Coal

Coal consumption posted a year-on-year decrease of 7.9% driven by a dramatic fall in the power generation sector, offsetting the effect of an increase in the industrial sector

6. Petroleum

Despite a decrease in petroleum use in the transport sector, the use picked up in the industrial and building sectors, driving total petroleum consumption to post a year-on-year increase of 0.4% in February

7. Gas

Natural gas consumption grew by 1.5% in February on a year-on-year basis, driven by increased consumption for power generation and city gas uses

Final consumption of city gas went up by 4.0% year-on-year thanks to an increase in the industrial and building sectors

8. Electricity

February electricity consumption posted a year-on-year increase of 1.5% driven by increased electricity consumption in buildings despite the decrease in the industrial sector

9. Nuclear energy

February nuclear power generation increased slightly by 0.3% year-on-year as capacity utilization rate climbed up with a decreasing number of preventive maintenance

10. Heat and Renewable energy

February heat energy consumption increased by 3.9% year-on-year in all sectors thanks to the price effect

Renewable energy generation[2] soared by 27.1% year-on-year driven by solar PV, fuel cells and wind

11. The Industry Sector

Despite the declined working days (-3 days), energy consumption in the industrial sector posted a year-on-year increase of 0.7% as business in the manufacturing sector kept picking up

12. The Transport Sector

February energy consumption in the transport sector fell by 3.7% year-on-year as the air transportation industry kept suffering from low demand amidst COVID-19 pandemic

13. The Buildings Sector

February energy consumption in the building sector grew by 4.9% on a year-on-year basis for all type of buildings driven by the price effect

14. Transformation

Although electricity consumption slightly increased in February, total generation and energy input for generation fell by 3.1% and 2.7% year-on-year, respectively

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]Renewable energy installed capacity and power generation data was derived from KEPCO’s Monthly Electricity Statistics. In Energy Balance, renewable and ‘the other’ energy generation excludes hydropower and includes non-renewable waste energy

1. The Economy and the Industry

January mining and manufacturing production index showed a year-on-year growth of 7.8% thanks to the growth in semiconductor and automobile sectors, despite a decline in the basic chemical sector

Service production index kept subdued to record a year-on-year decline of 1.8% as the recession in the ‘face-to-face’ sectors continued due to COVID-19

2. Energy Prices[1]

Global average crude oil price in January showed a spike of 10.3% month-on-month as members of OPEC+ agreed to cut back on production and Saudi Arabia voluntarily promised to reduce its production

Due to the continued increase in international oil prices, January gasoline and diesel prices also jumped by 5.4% and 6.3%, respectively, compared to the previous month

January propane and butane prices remained around the previous month’s level as a measure of supply price freeze was implemented to offset the effect of the increase in global prices in December

City gas prices for business heating and industrial uses increased by 3.9% and 4.7% respectively in January, compared to the previous month

January electricity rates dropped by 2-3% from the level of the previous month for all uses with Fuel Adjustment Mechanism being implemented

3. Energy Supply

Energy imports in January showed a year-on-year decline of 11.5% as all energy imports decreased except for LNG

As power generation increased due to expanded facilities, renewable and other energy production showed a year-on-year growth of 5.3%

4. Energy Consumption

Total Primary Energy Supply (“TPES”) for January showed a year-on-year decline of 3.7% as the decreasing trend of petroleum and coal consumption slowed down and gas consumption rose fast

Despite of a decline in energy use for transportation, Total Final Consumption (“TFC”) dropped by 0.9% as the building sector’s energy consumption increased

5. Coal

Coal use showed a year-on-year decline of 1.3% in January due to a drop in the power generation sector, dwarfing an increase in the industrial sector

6. Petroleum

Petroleum use showed a year-on-year decline of 6.4% in January as the decreasing trend in the industrial and transport sectors continued

7. Gas

Natural gas use soared by 17.4% on a year-on-year basis in January, driven by increased consumption for both power generation and city gas

Final consumption of city gas climbed by 16.4% on a year-on-year basis amidst increased consumption in the industrial and building sectors

8. Electricity

January electricity use climbed up by 5.2% year-on-year as power consumption in industrial and building sectors went up

9. Nuclear energy

January nuclear power generation rose by 18.0% year-on-year, as capacity utilization rate climbed up with a decreasing number of preventive maintenance projects

10. Heat and Renewable energy

January Heat energy use increased by 4.8% year-on-year as demand for heating went up in all sectors due to a drop in the average temperature

Renewable energy generation[2] rose by 33.0% on a year-on-year basis centering around solar PV, bio energy sources and fuel cells

11. The Industry Sector

Even with more working days (+1day), energy use in the industrial sector in January decreased by 3.1% year-on-year, driven by a slump in the petrochemical sector

12. The Transport Sector

January energy consumption in the transport sector dropped by 5.7% year-on-year as travel demand declined amidst the intimidating spread of COVID-19 pandemic

13. The Buildings Sector

January energy use grew by 13.4% year-on-year in the building sector as energy consumption in all buildings increased with temperature effects

14. Transformation

As electricity consumption soared fast in January, total generation and energy input for generation showed year-on-year growth of 6.8% and 7.9%, respectively

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 capacity factor and power generation data are from the renewable section in the Monthly Report on Major Electric Power Statistics by KEPCO. For renewable and other energy generation within energy balance mix, water is excluded, while the segment factors in non-renewable waste energy

1. The Economy and the Industry

Although facility investment rose, 2020 Q4 GDP showed year-on-year decline of 1.4% as consumer spending and construction investment shrank

December mining and manufacturing production index showed year-on-year growth of 2.5% thanks to the growth in semiconductors, despite the decline in the automobile sector

Service production index was down 2.2% year-on-year as a result of recession in food and accommodation sectors as well as logistics due to COVID-19 pandemic

2. Energy Prices[1]

Global crude oil price in December surged by 14.3% year-on-year as members of OPEC+ agreed to cut production and some COVID-19 vaccines got approved for emergency use

Due to the increase in international oil prices, December gasoline and diesel prices also increased by 3.7% and 4.4%, respectively, compared to the previous month

Propane and Butane prices increased by 2.4% and 3.4% from a month ago, respectively, in December due to an overall increase in international prices in November

In December, city gas prices for business heating and industrial uses increased by 6.4% and 15.7% respectively on a month-on-month basis

Electricity prices for general and industrial use increased in December after they were adjusted for the winter season, while residential electricity price was the same as the previous month.

3. Energy Supply

Energy imports in December showed year-on-year decline of 11.0% as all energy imports decreased except for anthracite

4. Energy Consumption

Total Primary Energy Supply (“TPES”) for December showed year-on-year decline of 1.0% as the decreasing trend of energy consumption was dulled with rise in gas consumption

In spite of a surge in energy consumption in the building sector, Total Final Consumption (“TFC”) dropped by 3.0% year-on-year as the energy use in the logistics sector continued to decrease

5. Coal

Coal use fell by 8.1% year-on-year in December due to a sharp drop in the power generation sector, dwarfing the increase in the industrial sector

6. Petroleum

Petroleum use dropped by 11.1% in December on a year-on-year basis due to the decreasing trend in industrial naphtha use and a drop in transport use

7. Gas

Natural gas use showed year-on-year growth of 7.6% in December, driven by increased consumption for both power generation and city gas

Final consumption of city gas climbed by 8.4% amid increased use in the petrochemical and residential sectors

8. Electricity

Electricity use showed year-on-year growth of 0.7% in December as power consumption in building and industrial sectors slightly increased

9. Nuclear energy

Nuclear power generation showed year-on-year growth of 36.2% in December, as capacity utilization rate jumped up

10. Heat and Renewable energy

Heat energy use grew by 8.9% year-on-year in December as demand for heating climbed in all sectors

Renewable energy generation[2] soared by 28.6% from the same year last year centering around solar PV generation and fuel cells

11. The Industry Sector

Despite signs of recovery in the fabricated metal sector, industrial energy use dwindled by 3.5% year-on-year in December driven by a drop in the petrochemical industry

12. The Transport Sector

Transport energy use went down by 13.2% in December on a year-on-year basis amid the third wave of COVID 19 pandemic

13. The Buildings Sector

Energy use grew by 5.9% year-on-year in buildings for December as energy consumption in residential buildings soared up driven by cold temperature effects and increased working time from home

14. Transformation

As electricity consumption grew in December, total generation and energy input for generation increased by 2.6% and 3.2% year-on-year respectively

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 capacity factor and power generation data are from the renewable section in the Monthly Report on Major Electric Power Statistics by KEPCO. For renewable and other energy generation within energy balance mix, water is excluded, while the segment factors in non-renewable waste energy

1. The Economy and the Industry

The mining & manufacturing production index grew by 0.5% year-on-year, with the semiconductor sector leading the growth, although the production index of basic chemical materials declined.

The service production index fell by 1.4% year-on-year (in November) due to poor performance of the businesses that provide face-to-face services.

2. Energy Prices[1]

Global oil price was up 5.8% in November from the previous month following the news on the development of vaccines for COVID-19, although it was still down 29.2% on a year-on-year basis.

Gasoline and diesel prices decreased slightly in November than a month ago. On a year-on-year basis, however, it continued to fall by over 10%.

Propane and butane prices remained at the previous month’s level in November, and went down by 3.0% and 4.9% respectively on a year-on-year basis.

City gas price for commercial and industrial use went down by 0.5% and 0.7% respectively, and that for residential use remained flat compared to the prior month.

Electricity prices[2]for general and industrial use increased in November after they were adjusted for the winter season, while residential electricity price was the same as the previous month.

3. Energy Supply

The total energy import volume fell by 10.6% year-on-year in November, as the import of all energy resources declined except anthracite.

Renewable & other energy production dropped by 3.1% year-on-year (in November) despite a steady increase in renewable generation, because the final use of renewable & other energy resources declined.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 5.2% year-on-year in November, led by a sharp drop in petroleum use.

Total Final Consumption (“TFC”) posted a year-on-year drop of 5.9% (in November), as the use of naphtha as feedstock fell sharply in the industrial sector.

5. Coal

Coal use fell by 18.3% year-on-year in November, which was affected by output reduction in large coal-consuming industries and falling demand in the power generation sector.

6. Petroleum

Petroleum use dropped by 10.6% year-on-year in November due to a sharp drop in industrial naphtha use.

7. Gas

Natural gas use was up 1.4% year-on-year in November, as its demand increased in the power generation sector owing to the growing gas-fired generation.

The final use of gas went up by 2.9% year-on-year (in November), led by the petrochemical and residential sectors.

8. Electricity

Electricity use remained flat in November on a year-on-year basis, even though it declined in the industrial sector, as it surged in the residential sector.

9. Nuclear energy

The total nuclear generation was up 37.4% year-on-year in November, as the capacity factor increased as a result of a drop in preventive maintenance work.

10. Heat and Renewable energy

Heat energy use dropped by 3.5% year-on-year in November due to the high base effect of the same month last year.

Renewable energy generation[3] was up 30.9% year-on-year (in November), mostly from solar PV, fuel cell and IGCC power plants.

11. The Industry Sector

Industrial energy use dropped by 10.0% year-on-year in November owing to a sharp drop in naphtha use, which accounts for a large portion of the total industrial energy use.

12. The Transport Sector

Transport energy use declined by no more than 0.2% year-on-year in November, as stronger social distancing rules had limited impact on the sector’s energy use.

13. The Buildings Sector

Buildings’ energy use increased by 2.1% year-on-year in November, as stronger social distancing measures were implemented as a response to the third wave of COVID-19.

14. Transformation

The total power generation was almost flat in November on a year-on-year basis, and coal-fired power generation decreased, while nuclear generation grew rapidly.

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 electricity prices by end-use sectors refer to the prices for residential use ([high voltage], the 2nd stage electricity rates), general use ([A], low voltage) and Industrial use ([B], high voltage B middle load).

[3] Renewable energy installed capacity and power generation data was derived from KEPCO’s Monthly Electricity Statistics. In Energy Balance, renewable and ‘the other’ energy generation excludes hydropower and includes non-renewable waste energy.