KESISKorea Energy Statistical
Information System

1. The Economy and the Industry

The mining & manufacturing production index dropped by 2.0% year-on-year in October partly due to fewer workdays, although the semiconductor production recovered.

The service production index went down by 2.5% year-on-year as a result of poor performance in the restaurant & accommodation and wholesale & retail sectors.

2. Energy Prices[1]

Global oil price fell by 1.0% in October from the previous month and by 29.6% from the same month last year amid the Covid-19 spread in the U.S. and Europe.

Gasoline and diesel prices decreased slightly in October 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 October, and went down by 0.6% and 1.6% respectively on a year-on-year basis.

City gas price for commercial and industrial use went down by 7.0% and 8.3% respectively, and that for residential use remained flat compared to the prior month.

Electricity prices[2] for general and industrial use went down after the price adjustment to the spring/autumn season, and the residential electricity price was the same as the previous month.

3. Energy Supply

The total energy import volume was down 8.5% year-on-year in October despite increased LNG import, because the import of petroleum products and coal declined.

Renewable & ‘other energy’ production fell by 2.5% year-on-year, as the final consumption declined, although the power generation from those sources increased according to data by KEPCO.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 5.4% year-on-year in October, led by a sharp drop in coal and petroleum use.

Total Final Consumption (“TFC”) was down 4.8% year-on-year (in October), led by the transport and buildings sectors.

5. Coal

Coal use fell by 22.5% year-on-year in October, which was affected by output reduction in large coal-consuming industries and falling demand in the power generation sector.

6. Petroleum

Petroleum use decreased by 8.0% in October on a year-on-year basis, as it declined in all end-use sectors due to the impact of COVID-19.

7. Gas

Natural gas use posted a year-on-year growth of 11.0% in October, driven by surging demand in the power generation sector.

City gas use went up by 6.7% year-on-year (in October) as a result of an increased volume of directly imported gas and base effect in the residential sector.

8. Electricity

Electricity use went down by 3.8% year-on-year in October, as it declined in all end-use sectors except the residential sector.

9. Nuclear energy

The total nuclear generation grew by 27.1% year-on-year in October, as capacity factors increased substantially due to base effect.

10. Heat and Renewable energy

Heat energy use grew by 13.1% year-on-year in October, with the residential sector leading the growth, amid increased number of heating degree days.

Renewable energy generation[3] was up 23.1% (in October, yoy) mostly from solar PV, fuel cell and IGCC

11. The Industry Sector

Industrial energy use slid by 3.9% year-on-year in October, as industrial production slowed down due to the impact of COVID-19 and fewer workdays.

12. The Transport Sector

Transport energy use went down by 12.8% in October from the same month last year, because travel demand decreased due to the impact of COVID-19.

13. The Buildings Sector

Buildings’ energy use grew by 1.5% year-on-year in October as a result of social distancing measures and the increased number of heating degree days.

14. Transformation

The total power generation fell by 3.4% year-on-year in October, but the energy input fell by 6.0%, because generating efficiency increased due to a change in generation mix.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & 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.

1. The Economy and the Industry

Gross domestic product contracted 1.1% year-on-year in 3Q, as private consumption and construction investment declined.

The mining & manufacturing production index posted a year-on-year growth of 8.0% in September, with the semiconductor and automobile sectors leading the growth.

The service production index was up 0.1% year-on-year (in September), despite the impact of COVID-19, as it rebounded in the wholesale & retail sectors.

2. Energy Prices

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.

Heat energy price has been flat for four consecutive months until November since the price reduction in July, but it was down 2.8% on a year-on-year basis.

Electricity prices for general and industrial use increased in November than a month ago after they were adjusted for the winter season, while the residential electricity price remained flat.

The unit sales price of electricity declined in October from the prior month due to decreased electricity use in all end-use sectors.

3. Energy Supply

The total energy import volume dropped by 4.4% year-on-year in September despite an increase in LNG imports, as the import of petroleum products declined.

Renewable & ‘other energy’ generation posted a year-on-year growth of 23.5%, as solar PV generation increased thanks to the higher solar radiation levels.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) went up by 0.3% year-on-year in September, as a drop in coal use was offset by increased use of gas and renewable energy.

Total Final Consumption (“TFC”) was up 2.4% year-on-year (in September), led by the transport and buildings sectors.

5. Coal

Coal use declined by 7.7% year-on-year in September, with the buildings and power generation sectors leading the downward trend, though its industrial use increased.

6. Petroleum

Petroleum use decreased by 1.3% year-on-year in September, led by the industrial sector, although it grew in the transport and buildings sectors.

7. Gas

Natural gas consumption grew by 15.0% year-on-year in September, led by a surge in the power generation sector.

City gas consumption went up by 8.0% year-on-year (in September), as more natural gas was directly imported.

8. Electricity

Electricity use showed an upward trend in September for the first time in seven months, as it rebounded in the industrial sector and surged in the residential sector.

9. Nuclear energy

The total nuclear generation fell by 10.0% year-on-year in September due to the shutdown of some nuclear power plants after a series of typhoons.

10. Heat and Renewable energy

Heat energy use increased by 12.3% year-on-year in September due to the impact of social distancing measures and typhoons, and the residential sector led the growth.

The total renewable energy generation grew by 26.5% year-on-year, as solar PV, hydro and bioenergy generation all increased.

11. The Industry Sector

Industrial energy use remained (almost) flat in September on a year-on-year basis, as the growth in energy use in the fabricated metals sector was offset by a drop in naphtha use.

12. The Transport Sector

Transport energy use rose by 11% year-on-year in September due to the base effect of the same period last year when fuel tax benefits were eliminated.

13. The Buildings Sector

Buildings’ energy use posted a year-on-year growth of 4.9% in September due to the impact of social distancing measures and Typhoon Maysak and Haishen.

14. Transformation

The total power generation rose by 0.3% year-on-year in September, but the energy input fell by 1.9%, as generating efficiency increased due to a change in generation mix.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index dropped by 2.6% year-on-year in August, even though the index of semiconductors increased, as it continued to decline in other major industries.

The service production index fell by 3.8% year-on-year (in August) due to the prolonged rainy season and a faster drop in demand for face-to-face services amid the COVID-19 pandemic.

2. Energy Prices

Global oil price fell by 1.0% in October from the previous month and by 29.6% from the same month last year amid the Covid-19 spread in the U.S. and Europe.

Gasoline and diesel prices decreased slightly in October 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 October, and went down by 0.6% and 1.6% respectively on a year-on-year basis.

City gas price for commercial and industrial use went down by 7.0% and 8.3% respectively, and that for residential use remained flat compared to the prior month.

Heat energy price has been flat for four consecutive months until October since the price reduction in July, but it was down 2.8% on a year-on-year basis.

Electricity prices for general and industrial use went down after the price adjustment to the spring/autumn season, and the residential electricity price was the same as the previous month.

The unit sales prices of electricity for general and industrial use declined in September than a month ago, while that for residential use increased due to growing electricity consumption.

3. Energy Supply

The total energy import volume dropped by 21.7% year-on-year in August, as the import of all major energy sources declined.

Renewable and ‘other’ energy generation went down by 6.7% (in August) from the same month last year, owing to a drop in transport energy use and a slowdown in power generation during the rainy season.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 7.1% year-on-year in August, as coal, gas and petroleum use all declined.

Total Final Consumption (“TFC”) went down by 8.7% year-on-year (in August), with the industrial and transport sectors leading the downward trend.

5. Coal

Coal consumption declined by 10.7% year-on-year in August, which was attributed to sluggish production in major coal consuming industries and weak coal demand from the power generation sector.

6. Petroleum

Petroleum consumption was down 11.9% year-on-year in August, as the consumption decreased in the industrial and transport and all other sectors.

7. Gas

Natural gas use went up by 3.9% in August from the same period last year, as its use surged in the power generation sector despite decrease electricity use during summer.

Final use of gas fell by 2.5% in August, which was a slower pace than the same month last year due to growing gas use in buildings.

8. Electricity

Electricity consumption dropped by 6.2% year-on-year in August, as the consumption fell more sharply in the industrial sector and started to decrease in the buildings sector.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 2.7% in August, although the installed capacity remained unchanged from the same month last year, as its capacity factor increased.

10. Heat and Renewable energy

Heat energy use grew by 17.1% year-on-year in August, led by the residential sector owing to the impact of another wave of Covid-19 infections and typhoons.

Renewable energy generation posted a year-on-year growth of 3.6% despite the exclusion of waste energy from the renewable category, as hydropower generation surged.

11. The Industry Sector

Energy use started a downward slide in the fabricated metals sector, and the total industrial energy use dropped by 6.2% year-on-year in August.

12. The Transport Sector

Transport energy use fell by 19.7% year-on-year in August owing to the impact of another wave of Coronavirus infections.

13. The Buildings Sector

Buildings’ energy use went down by 3.8% year-on-year in August amid repeated Covid-19 outbreaks and the impact of a typhoon

14. Transformation

The energy input for power generation fell by 3.5% year-on-year in August, as electricity consumption decreased due to the impact of COVID-19 and typhoons.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index dropped by 2.4% year-on-year in July, led by a drop in the basic chemical materials and iron & steel sectors, although the index increased in the semiconductor sector.

The service production index was down 1.2% year-on-year (in July), led by a drop in the wholesale & retail and restaurant & accommodations sectors where face-to-face service is provided.

2. Energy Prices

Global oil price went down by 6.4% in September than the previous month due to another wave of COVID-19 and concerns over weak petroleum demand, and it was down 31.8% on a year-on-year basis.

Gasoline and diesel prices slightly decreased in September from the previous month in line with the global price trend. On a year-on-year basis, however, they have been on a rapid downward spiral.

Propane and butane prices were up 0.8% and 1.5% in September compared to the previous month. On a year-on-year basis, the prices went down by 0.6% and 1.7% respectively.

City gas prices for commercial and industrial use went down by 8.2% and 10.1% respectively, and that for residential use remained flat compared to the prior month.

Heat energy price has been flat until September since the price reduction in July, but it was down 2.8% on a year-on-year basis.

Electricity prices for general and industrial use declined after the price adjustment to the spring/autumn season, and the residential electricity price was also the same as the previous month.

The unit sales prices of electricity for general and industrial use declined in August than a month ago, while that for residential use increased due to growing electricity consumption.

3. Energy Supply

The total energy import volume dropped by 9.3% year-on-year in July, led by a drop in bituminous coal and LNG consumption.

Renewable & ‘other’ energy generation declined by 1.0% year-on-year (in July), as solar PV generation grew more slowly, and wind power generation decreased.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 6.8% year-on-year in July, as coal, gas and petroleum use all declined.

Total Final Consumption (“TFC”) went down by 5.6% year-on-year (in July), with the industrial and transport sectors leading the downward trend.

5. Coal

Coal use dropped by 13.1% year-on-year in July, as its demand decreased in the power generation sector along with falling electricity demand.

6. Petroleum

Petroleum consumption was down 7.5% year-on-year in July, as the consumption fell in the industrial and transport sectors all together

7. Gas

Natural gas use fell by 11.0% year-on-year in July, with the power generation sector leading the downward trend.

City gas use fell by 7.6% year-on-year in July, which was a slower pace of decline than a month ago, as industrial city gas use decreased more slowly.

8. Electricity

Electricity consumption dropped by 2.1% year-on-year in July, led by a drop in the industrial sector, although it increased in the buildings sector.

9. Nuclear energy

The total nuclear generation grew by 17.5% year-on-year in July, as the nuclear capacity factor and its installed capacity increased.

10. Heat and Renewable energy

Heat energy use grew by 6.6% year-on-year in July, as the temperature was lower than the seasonal average, and the rainy season started.

The total renewable energy generation declined by 14.0% year-on-year (in July), due to the re-categorization of renewable energy sources and a reduction in bioenergy generation.

11. The Industry Sector

Industrial energy use fell by 7.0% year-on-year in July as a result of an output reduction in the chemical industry.

12. The Transport Sector

Transport energy use dropped by 5.6% year-on-year in July because of the ongoing impact of COVID-19.

13. The Buildings Sector

Buildings’ energy use rose by 1.1% year-on-year in July, as people stayed at home for longer periods during the COVID-19 pandemic and the rainy season.

14. Transformation

The use of power generation fuels fell by 7.1% year-on-year in July, which was attributed to falling power demand amid the COVID-19 pandemic and deceased power generation.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

Gross Domestic Product(“GDP”) contracted by 2.7% in 2Q compared to the same period a year earlier due to the growing impact of COVID-19, and in particular, private consumption declined sharply.

The mining & manufacturing production index fell more slowly in June, as the index grew in the semiconductor sector and declined more slowly in the automobile sector, although it continued to drop in other major industries.

After the eased ‘distancing in daily life’ measure was imposed in May, the service production index slid by 0.1% year-on-year (in June)

2. Energy Prices

Global oil price was up 3.2% in August from the previous month as a result of the petroleum demand recovery and output reduction, although it was down 24.2% on a year-on-year basis.

Gasoline and diesel prices were nearly the same as the previous month in August, but on a year-on-year basis, the prices maintained a downward trend, posting around 10% drop.

Propane and butane prices were flat in August compared to the previous month. On a year-on-year basis, the prices fell by 1.9% and 3.2% respectively.

City gas price for commercial and industrial use went up by 2.1% and 2.6% respectively, and that for residential use remained flat compared to the prior month.

Heat energy price was down 2.8% in July for the first time in 11 months in line with decreased city gas price.

Electricity prices for general and industrial use remained flat after the price adjustment to the summer season in June, and the residential electricity price was also the same as the previous month.

The unit sales price of electricity for general and industrial use increased in July from the prior month, while that for residential use decreased, as electricity use ceilings in the progressive pricing scheme were temporarily revised upward.

3. Energy Supply

The total energy import volume fell by 6.3% year-on-year in June, as the import of crude oil and LNG declined.

Renewable and ‘other’ energy generation recorded a year-on-year growth of 8.7%, with solar PV and wind power taking the lead.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) declined by 2.2% year-on-year in June, as coal, petroleum and gas consumption all declined.

Total Final Consumption (“TFC”) posted a year-on-year drop of 2.9% in June, with the transport and industrial sectors leading the downward trend.

5. Coal

Coal consumption continued the downward trend of the previous month in June (-8.8%) due to the impact of the COVID-19 outbreak.

6. Petroleum

Petroleum use decreased by 0.9% year-on-year in June, as it declined in the transport sector due to global oil price increase

7. Gas

Natural gas use fell more slowly by 3.1% year-on-year in June, owing to the growing demand from the power generation sector.

City gas use was down 10.5% year-on-year (in June), as its industrial use fell more sharply.

8. Electricity

Electricity consumption fell by 2.1% year-on-year in June, led by the industrial sector, though it increased in the buildings sector.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 3.6% in June, despite a drop in capacity factor, as a result of increased installed capacity.

10. Heat and Renewable energy

Heat energy use grew by 4.4% in June compared to the same month last year, as the sluggish production activity alleviated in the commercial sector, and the number of cooling degree days increased.

Renewable energy generation was down 7.8% year-on-year in June as a result of the exclusion of some energy sources and a drop in power generation from bioenergy.

11. The Industry Sector

Industrial energy consumption decreased by 2.5% year-on-year in June in the midst of the ongoing COVID-19 spread.

12. The Transport Sector

Transport energy use dropped by 8.5% year-on-year in June, as energy use for road transport declined due to the impact of COVID-19.

13. The Buildings Sector

Buildings’ energy use went up by 3.5% year-on-year in June, as the number of cooling degree days increased, and the eased ‘distancing in daily life’ measure was adopted.

14. Transformation

The total power generation and use of power generation fuels decreased much slowly in June, as electricity consumption declined at slower pace.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index fell by 9.8% year-on-year in May, as the production continuously declined in all major industries except the semiconductor sector.

The service production index dropped by 4.0% year-on-year (in May) due to the impact of COVID-19, especially the businesses that provide face-to-face services.

2. Energy Prices

Global oil price was up 6.2% in July from the previous month amid the expectation of global petroleum demand recovery, while it was down 31.2% on a year-on-year basis.

Gasoline and diesel prices increased in July from the previous month in line with the global oil price increase, while the prices fell by around 10% on a year-on-year basis.

Propane and butane prices increased in July from the previous month in line with the global price trend, while the prices decreased on a year-on-year basis.

City gas price by end-use was reduced by over 10% in July compared to the previous month, which marks the first price cut since it was raised in July 2019.

Heat energy price was also down 2.8% in July for the first time in 11 months in line with the reduction of city gas price.

Electricity prices[1] for general and industrial use remained flat in July after the price adjustment to the summer season in June, and the residential electricity price was also the same as the previous month.

The unit sales price of electricity increased in June from the previous month after the price adjustment to the summer season and due to growing use of electricity.

3. Energy Supply

The total energy import volume decreased by 6.7% year-on-year in May, led by crude oil and coal.

Renewable and ‘other’ energy generation was down 1.6% year-on-year (in May) due to reduced power generation from ‘other’ energy sources and slower growth in solar PV generation.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 1.2% year-on-year in May despite increased petroleum use, because coal and gas use declined.

Total Final Consumption (“TFC”) inched up 0.1% year-on-year (in May) with the transport and residential sectors leading the growth, as the outbreak of COVID-19 has been well contained.

5. Coal

Coal use fell by 9.4% year-on-year in May, as its final use plunged due to the impact of COVID-19.

6. Petroleum

Petroleum use grew by 7.9% year-on-year in May especially in the transport sector, after social distancing measures were relaxed.

7. Gas

Natural gas use was down 16.1% year-on-year in May, as it declined in both of the city gas production and power generation sectors

City gas use fell by 7.0% year-on-year, with the industrial sector leading the downward trend, although it increased in the buildings sector.

8. Electricity

Electricity use decreased by 5.8% year-on-year in May, as its industrial demand plunged amid the COVID-19 outbreak.

9. Nuclear energy

The total nuclear generation was up 3.3% year-on-year in May despite a drop in capacity factor, as nuclear installed capacity increased.

10. Heat and Renewable energy

Heat energy use increased by 0.4% year-on-year in May, which was influenced by the increased number of heating degree days and longer stay at home.

Renewable energy generation was down 13.0% year-on-year in May, because some energy sources were excluded from the renewable category, and solar PV generation grew more slowly.

11. The Industry Sector

Industrial energy use dropped by 4.7% year-on-year in May, as COVID-19 dealt a blow to the sector.

12. The Transport Sector

Transport energy use marked a year-on-year growth of 10.8% in May following the easing of quarantine guidelines.

13. The Buildings Sector

Buildings’ energy use posted a year-on-year growth of 8.1% in May, led by the residential sector with the increased number of heating degree days and due to base effect.

14. Transformation

The total power generation and fuel input fell by 6.2% and 4.6% respectively in May compared to the same month last year as a result of a sharp drop in electricity use.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index dropped by 5.1% year-on-year in April, as the production declined in all major industries except the semiconductor sector due to the COVID-19 pandemic.

The service production index went down by 6.1% year-on-year in April due to the impact of COVID-19 especially in the sectors where face-to-face service is necessary.

2. Energy Prices

Global oil price rose by 31.1% in June than the prior month as a result of the extended oil output reduction. On a year-on-year basis, however, it fell by 33.2%.

Gasoline and diesel prices rose by around 5% in June from the previous month in the midst of the global oil price increase, but the prices fell by over 10% on a year-on-year basis.

Propane and butane prices increased in June compared to the previous month in line with the global price trend, while they declined on a year-on-year basis.

City gas price has been flat for the past twelve months until June, since it was raised in July, 2019.

Heat energy price has been flat for eleven consecutive months until June, since it was raised in August 2019.

Electricity prices[1] for general and industrial use increased in June due to the price adjustment of the summer season, and the residential electricity price was the same as the previous month.

The unit sales price of electricity for residential use declined in May from the previous month, while that for industrial and general use increased.

3. Energy Supply

The total energy import volume was down 6.9% year-on-year in April, as the import of all energy resources declined except anthracite.

Power generation from renewable & “the other” energy sources posted a year-on-year growth of 13.9%, led by a surge in solar PV and wind power generation.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) was down 6.5% year-on-year in April, as the use of petroleum and gas fell sharply.

Total Final Consumption (“TFC”) declined by 7.7% year-on-year (in April) due to the impact of the COVID-19 outbreak, and it slightly increased only in the residential sector.

5. Coal

Coal consumption fell more slowly by 4.1% in April, as the consumption returned to the level of the same month last year in the power generation sector.

6. Petroleum

Petroleum consumption was down 8.9% year-on-year in April, as the consumption was stagnant or declined in all end-use sectors due to the COVID-19 pandemic.

7. Gas

Natural gas consumption fell by 12.0% year-on-year in April, as it declined in both of the city gas production and power generation sectors.

City gas consumption decreased by 6.8% year-on-year (in April), with the industrial and buildings sectors leading the downward trend.

8. Electricity

Electricity use was down 4.6% year-on-year in April, as it declined in both of the industrial and buildings sectors due to the impact of COVID-19.

9. Nuclear energy

The total nuclear generation slid by 3.3% year-on-year in April, despite an increase in its installed capacity, as capacity factors decreased.

10. Heat and Renewable energy

Heat energy use posted a year-on-year growth of 5.6%, led by the residential sector, which can be attributed to the growth in the number of heating degree days and long hours spent at home.

The total renewable generation rose by 16.8% year-on-year in April, with solar PV and wind power leading the upward trend, even though some energy sources were excluded from the renewable category.

11. The Industry Sector

Industrial energy use decreased by 5.2% year-on-year in April, as the production declined amid the COVID-19 pandemic.

12. The Transport Sector

Transport energy use went down by 21.3% year-on-year in April, as the global impact of COVID-19 was getting more severe.

13. The Buildings Sector

Buildings’ energy use dropped by 1.7% year-on-year in April during the ongoing COVID-19 pandemic, with the commercial and public sectors leading the downward trend

14. Transformation

The total power generation and fuel input decreased by 3.7% and 4.1% respectively in April on a year-on-year basis along with decreased electricity consumption.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

Gross Domestic Product (“GDP”) grew by 1.4% year-on-year in 1Q 2020, despite a drop in private consumption, as the government expenditure and investment increased.

Mining & manufacturing production index increased by 7.4% year-on-year in March even amid the COVID-19 pandemic, led by the semiconductor and automobile sectors.

The service production index declined by 4.9% year-on-year (in March), as COVID-19 started to have significant impact on the sector.

2. Energy Prices

Global oil price was up 43.5% in May from the previous month, as oil producing countries lowered their production. On a year-on-year basis, however, it declined by 54.4%.

Gasoline and diesel prices dropped by around 5% in May from the previous month despite the global oil price increase, as the prices declined until mid-May.

Propane and butane prices decreased in May compared to the previous month, reflecting the sharp price decline in the global market.

City gas price has been flat for the past ten months until May, since it was raised in July 2019.

Heat energy price has been flat for nine consecutive months until May, since it was raised in August.

Electricity prices[1] for general and industrial use remained flat after the price adjustment to the spring/autumn season in March, and the residential electricity price was also the same as the previous month.

The unit sales price of electricity for residential, industrial and general use all decreased in March from the previous month.

3. Energy Supply

The total energy import volume grew by 7.1% year-on-year in March, as the import of petroleum products, LNG and bituminous coal increased.

Renewable & other energy generation went up by 6.2% year-on-year in March, as the generation from solar PV and the IGCC plant continued to increase as did in the previous month.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) dropped by 5.2% year-on-year in March, owing to a sharp drop in petroleum and coal consumption.

Total Final Consumption (“TFC”) went down by 4.4% year-on-year in March, as energy use declined in all the end-use sectors except the residential sector, hit by the COVID-19 outbreak.

5. Coal

Coal consumption declined by 14.3% year-on-year in March, as it continuously declined in all sectors.

6. Petroleum

Petroleum consumption was down 7.1% year-on-year in March, as it declined in all sectors, except the industrial sector, affected by the COVID-19 outbreak.

7. Gas

Natural gas consumption was up 2.2% year-on-year in March, led by the power generation sector, even though it declined in the city gas production sector.

City gas consumption was down 0.6% year-on-year in March, with the buildings sector leading the downward trend, though the industrial city gas consumption increased.

8. Electricity

Electricity consumption slid by 0.5% year-on-year in March, with the industrial sector leading the downward trend, although it increased in the buildings sector.

9. Nuclear energy

The total nuclear generation posted a year-on year growth of 3.1% in March on the back of increased installed capacity following the commissioning of Shinkori unit 4.

10. Heat and Renewable energy

Heat energy use rose by 2.6% year-on-year in March, led by the residential sector, as people spent longer hours at home, even though the number of heating degree days decreased.

The total renewable generation increased in March from the same month last year, with solar PV, IGCC and hydropower leading the growth, even though some energy sources were excluded from the renewable category.

11. The Industry Sector

Industrial energy use fell by 1.5% year-on-year in March despite the growth in production activities.

12. The Transport Sector

Transport energy use dropped by 20.0% year-on-year in March, as COVID-19 developed into a global pandemic.

13. The Buildings Sector

Buildings’ energy use grew by 0.7% year-on-year in March, led by residential buildings, owing to the COVID-19 pandemic, even though the number of heating degree days decreased.

14. Transformation

The energy input to power stations dropped by 4.5% year-on-year in March, owing to the sharp drop in coal-fired generation, even though nuclear and gas-fired generation increased.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index went up by 11.3% year-on-year in February, led by the semiconductor, basic chemical materials and iron & steel businesses.

The service production index grew by mere 1.2% year-on-year (in February), as the index decreased in the restaurant & accommodation sector amid the spreading Covid-19.

2. Energy Prices

Global oil price fell by 69.1% in April on a year-on-year basis and by 34.9% from the previous month amid the concerns over a drop in petroleum demand due to the spreading Covid-19.

Gasoline and diesel prices fell in April from a month ago, as global oil price declined due to the spreading Covid-19.

Propane & butane prices decreased in April compared to the previous month owing to the drop in global prices.

City gas price has been flat for the past ten months until April, since it was raised in July 2019.

Heat energy price has been flat for nine consecutive months until April, since it was raised in August 2019.

Electricity prices[1] for general and industrial use remained flat after the price adjustment to the spring/autumn season in March, and the residential electricity price was also the same as the previous month.

The unit sales price of electricity for residential, industrial and general use all decreased in March from the previous month.

3. Energy Supply

TThe total energy import volume grew by 1.9% year-on-year in February, as the imports of petroleum products and LNG dramatically increased.

Renewable & other energy generation rose by 13.8% (year-on-year in February), with solar PV and the IGCC plant taking the lead.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) was down 1.1% year-on-year in February, as the use of coal and petroleum decreased.

Total Final Consumption (“TFC”) fell by 1.6% year-on-year (in February), as the consumption rapidly decreased in all end-use sectors, especially in the transport sector.

5. Coal

Coal consumption declined by 16.0% year-on-year in February, as the consumption plunged in all sectors.

6. Petroleum

7. Gas

Natural gas consumption posted a year-on-year growth of 7.4% in February, as the consumption increased in both of the power generation and city gas production sectors.

City gas use rose by 2.4% year-on-year (in February), led by a strong growth in the industrial sector, though its use declined in the buildings sector.

8. Electricity

Electricity consumption was up 0.3% year-on-year in February, with the industrial sector leading the growth, though the consumption declined in the buildings sector.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 15.0% in February, as its installed capacity and capacity factor increased.

10. Heat and Renewable energy

Heat energy consumption was down 1.1% in February on a year-on-year basis because of the warmer weather than the same period last year.

Renewable energy generation decreased as a result of some changes in the classification. The decline, however, slowed down on the back of the increased power generation from solar PV and the IGCC plant.

11. The Industry Sector

Industrial energy use slid by 0.4% year-on-year in February despite increased production activities.

12. The Transport Sector

Transport energy use went down by 4.8% year-on-year in February, as the Covid-19 outbreak led to a sharp fall in traffic demand.

13. The Buildings Sector

Energy use in buildings dropped by 2.0% year-on-year in February, led by the residential and commercial sectors, which is attributed to the mild weather.

14. Transformation

The energy input to power stations was up 0.4% year-on-year in February, led by nuclear energy and gas, while coal use declined.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources

1. The Economy and the Industry

The mining & manufacturing production index fell by 2.6% year-on-year in January due to reduced output in major industries except the semiconductor sector.

The service production index grew by mere 0.8%, as the index declined in the wholesale & retail and restaurant & accommodation sectors.

2. Energy Prices

Global oil price plunged by 38.9% in March from the previous month, which is attributed to weak demand amid the COVID-19 pandemic, disagreement on production cuts and announcement of a planned increase in oil production.

Gasoline and diesel prices fell in March from a month ago reflecting the global oil price trend amid the COVID-19 pandemic.

Propane and butane prices remained at the previous month’s level in March despite a drop in global prices, considering global price trend that wasn’t fully reflected in domestic prices previously.

City gas price has been flat for the past nine months until April, since it was raised in July 2019.

Heat energy price has been flat for eight consecutive months until April, since it was raised in August 2019.

Electricity prices[1] for general and industrial use declined in March following the price adjustment to the spring/autumn season, while the price for residential use remained at the previous month’s level.

The unit sales price of electricity for residential, industrial and general use all increased in February from the previous month.

3. Energy Supply

The total energy import volume decreased by 1.7% year-on-year in January, led by bituminous coal, although the imports of petroleum products and LNG increased.

Renewable & other energy generation fell by 3.1%, as waste energy use decreased following some changes to the classification of renewable energy sources.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 6.6% year-on-year in January, as the use of all energy sources declined including coal and petroleum.

Total Final Consumption (“TFC”) decreased by 4.6% (in January) on a year-on-year basis, led by big drops in the transport and buildings sectors, though the industrial energy consumption increased.

5. Coal

Coal use fell by 13.3% year-on-year in January, led by a sharp drop in the power generation sector.

6. Petroleum

Petroleum use fell by 4.9% year-on-year in January, despite continuously growing industrial use, as it declined in all other sectors.

7. Gas

Natural gas consumption slid by 2.4% year-on-year in January due to decreased city gas demand, although the consumption increased in the power generation sector.

City gas consumption was down 5.4% year-on-year in January despite growing industrial use, as the consumption fell more sharply in the buildings sector.

8. Electricity

Electricity consumption fell by 4.8% year-on-year in January, as the consumption declined in both of the industrial and buildings sectors.

9. Nuclear energy

The total nuclear generation dropped by 2.9% year-on-year in January with nuclear plants running at lower capacity factors owing to the increased preventive maintenance.

10. Heat and Renewable energy

Heat energy use declined by 8.6% year-on-year in January because of unseasonably warm weather.

The total renewable generation fell by over 20% despite the restart of the IGCC plant, as a result of some changes to the classification of renewable energy sources.

11. The Industry Sector

Industrial energy consumption was stagnant, posting just 0.5% year-on-year growth, which was attributed to the sluggish industrial activities.

12. The Transport Sector

Transport energy use declined by 15.6% year-on-year in January, led by a sharp drop in the road transport sector due to base effect.

13. The Buildings Sector

Energy use in buildings dropped by 8.1% year-on-year in January, as energy demand for heating plunged amid unusually warm weather.

14. Transformation

The energy input to power stations was down 9.6% year-on-year in January, because the power generation declined and the share of energy sources in energy mix changed.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International 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 Consumption and Share of the Total Final Consumption by Sources