KESISKorea Energy Statistical
Information System

1. The Economy and the Industry

The mining and manufacturing production index went down by 3.4% year-on-year in February due to the weak performance of major industries except the semiconductor sector.

The service production index decreased for the first time in five months, because the index fell by 4.0% year-on-year in the wholesale & retail sector and fell by 1.9% in the restaurant & accommodation sector

2. Energy Prices

Global oil price went up by 7.4% in April from the previous month, following the OPEC’s oil output reduction and stronger US sanctions against Venezuela and Iran.

Global coal price was down 6.8% in April than a month earlier, marking the fourth consecutive month of decrease, while natural gas price remained the same as the previous month.

Gasoline and diesel prices went up by 4.0% and 3.7% respectively in April from the previous month, as the global oil price grew more rapidly.

Global propane and butane prices went up by 11.4% and 10.6% respectively in March than a month earlier, but domestic prices have been stagnant for four months in a row, because domestic LPG importers such as E1 and SK fixed supply prices.

City gas price was fixed in April for the fourth time since July, 2018, and the price has remained at the same level for the last ten months.

Heat energy price was the same as the previous month, as city gas price was fixed again.

Electricity prices[1] remained stagnant (in April), after the prices for industrial and general use declined in March with the seasonal price adjustment (spring/winter).

In March, the unit sales price of electricity for industrial, residential and general use dropped by 18.0%, 9.3% and 5.9% respectively.

3. Energy Supply

The total energy import volume declined by 3.7% year-on-year in February despite increased import of crude oil and bituminous coal, as the import of petroleum products and LNG decreased.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) went down by 3.3% year-on-year in February despite increased use of nuclear energy, as petroleum, coal and gas use all declined.

Total Final Consumption (“TFC”) fell by 2.8% year-on-year, despite increased energy use in the transport sector, as the industrial and buildings sectors consumed less energy.

5. Coal

Coal consumption went down by 9.3% year-on-year in February due to the sharp fall in coal-fired power generation, although the industrial coal consumption increased.

6. Petroleum

Petroleum consumption decreased by 2.2% year-on-year in February, especially in the industrial and buildings sectors, although the transport sector consumed more petroleum.

7. Gas

Natural gas consumption dropped by 10.3% year-on-year in February, as the consumption decreased in both of the power generation and city gas production sectors.

City gas use decreased in the industrial and buildings sectors because of base effect, thereby driving down the total consumption by 11.0% on a year-on-year basis.

8. Electricity

Electricity consumption went down by 5.1% year-on-year in February, as the consumption decreased in both of the industrial and buildings sectors as a result of a slowdown in production and base effect.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 25.5% in February along with the increased capacity factors at nuclear power plants.

10. Heat and Renewable energy

Heat energy consumption dropped by 14.7% year-on-year in February due to warm winter weather.

Renewable & other energy consumption rose by 9.1% year-on-year backed by increased power generation from solar PV and fuel cells, although the operation of some IGCC plants were halted.

11. The Industry Sector

Industrial energy consumption declined by 0.6% year-on-year in February owing to the sluggish production in large energy-consuming industries.

12. The Transport Sector

Transport energy use went up by 2.7% year-on-year in February, led by the road transport sector, although other transport sectors consumed less energy.

13. The Buildings Sector

Energy consumption in buildings dropped by 9.7% in February on a year-on-year basis due to warm weather and price effect.

14. Transformation

The total energy input for power generation fell by 4.3% year-on-year in February due to decreased power generation from major energy sources except nuclear and renewable energy.

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 production index of mining and manufacturing industries remained the same as the previous month in January despite increased production index of semiconductors and automobiles, as the index declined in the basic chemical materials and iron & steel sectors.

The service production index rose by 2.3% year-on-year (in January), led by the wholesale & retail and health & social welfare service sectors.

2. Energy Prices

Global oil price increased by 4.4% in March from the previous month, following the oil output reduction in OPEC countries and the power outages in Venezuela.

Global coal price decreased by 3.7% (in March) from the previous month, as the demand was hit by China’s import ban as well as global economic woes.

Gasoline and diesel prices went up by 1.9% and 2.1% respectively in March from the previous month amid the global oil price increase.

Propane and butane prices were flat in March, compared to the previous month, despite the upward trend of the global prices.

City gas price remained stagnant in March compared to the previous month, as a result of the 4th price freeze since July, 2018.

Heat energy price remained the same as the previous month, because of the fixed city gas price.

Electricity prices[1] declined in March from a month earlier, as the prices for industrial and general use were adjusted for the spring/autumn season.

The unit sales price of electricity for industrial and general use were up 0.3% and 0.6% respectively in February from the previous month, while that for residential use was down 1.0%.

3. Energy Supply

The total energy import volume went up by 3.4% year-on-year in January, led by petroleum products and bituminous coal, although the import volume of crude oil and LNG declined.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) fell by 1.7% year-on-year in January due to the decreased use of coal and gas, although the use of nuclear energy and petroleum increased.

Total Final Consumption (“TFC”) dropped by 0.3% year-on-year, led by the industrial and buildings sectors, even though the transport sector used more energy.

5. Coal

Coal consumption fell by 8.6% year-on-year in January, as the industrial and power generation sectors burned less coal

6. Petroleum

Petroleum consumption posted a year-on-year growth of 1.2% in January despite stagnant consumption growth in the industrial and buildings sectors, as it surged in the transport sector.

7. Gas

Natural gas consumption decreased by 8.6% year-on-year in January, as the consumption declined in the power generation and city gas production sectors due to a base effect.

City gas consumption dropped by 4.6% year-on-year (in January) due to the consumption decline in both of the industrial and buildings sectors.

8. Electricity

Electricity consumption rose by 0.6% year-on-year in January, led by the industrial sector, although the consumption fell in the buildings sector.

9. Nuclear energy

The total nuclear generation recorded a year-on-year growth of 24.7% in January along with increased capacity factors at nuclear power plants.

10. Heat and Renewable energy

Heat energy consumption fell by 8.6% year-on-year in January because of the warmer winter than the previous year.

Renewable & other energy consumption went up by 11.5% year-on-year (in January) despite the shutdown of IGCC plants, backed by increased final use of renewable & other energy sources.

11. The Industry Sector

Industrial energy consumption was down 1.5% year-on-year in January, as the consumption decreased in the petrochemical and primary metals sectors.

12. The Transport Sector

Transport energy use grew by 7.1% year-on-year in January, as the road transport sector, which makes the largest contribution to the total energy use, consumed more energy due to a price effect.

13. The Buildings Sector

Energy use in buildings dropped by 5.1% year-on-year in January, as warm winter days resulted in decreased energy use for heating.

14. Transformation

The total energy input for power generation declined by 2.0% year-on-year in January, as the use of major energy sources decreased except nuclear and renewable energy.

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”) posted a year-on-year growth of 3.1% in 4Q, 2018, despite the sluggish investment, owing to the growth in private and government spending.

The production index of mining and manufacturing industries went up by 1.1% year-on-year in December, led by the semi-conductor and automobile sectors, although the index declined in the iron & steel sector.

The service production index rose by 1.5% year-on-year (in December) with the help of strong performance of the health & social welfare sector.

2. Energy Prices

Global oil price went up by 7.7% in February, 2019 from the previous month because of the OPEC’s output reduction and an expectation of improved trade relations between the U.S. and China.

Gasoline and diesel prices fell by 0.5% respectively in December than a month earlier, even though the global oil price increased in the previous month.

Domestic prices of propane and butane decreased at much slower pace in February, as the global propane price fell more slowly, and the global butane price started an upward move.

City gas price was fixed again in January and has been flat for the last eight months until February.

Heat energy price was the same as the previous month, as city gas price was fixed.

Electricity prices[1] for industrial and general use increased in November due to the price adjustment for the winter season, and since then, the prices have been flat until February.

The unit sales price of electricity for residential and industrial use went up by 5.9% and 0.9% respectively from the previous month, while in the case of general use, it went down by 3.6%.

The total energy import volume recorded a year-on-year growth of 2.7% in December, especially petroleum products and LNG, although crude oil and bituminous coal imports decreased.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) decreased by 0.9% year-on-year in December despite increased use of nuclear energy, as petroleum, coal and gas use all declined.

Total Final Consumption (“TFC”) went down by 1.3% year-on-year in December, owing to the decreased energy use in the industrial and buildings sectors, although the transport sector consumed more energy.

5. Coal

Coal consumption posted a year-on-year decline of 0.8% in December, despite the growth in industrial coal consumption, because the power generation sector consumed less coal.

6. Petroleum

Petroleum consumption fell by 2.2% year-on-year in December, as the consumption declined in all end-use sectors except the transport sector.

7. Gas

Natural gas consumption went down by 6.2% year-on-year in December, as the consumption declined in both the power generation and gas production sectors.

City gas consumption fell by 4.9% (in December) on a year-on-year basis as a result of decreased consumption in buildings, though it slightly increased in the industrial sector.

8. Electricity

Electricity use slightly increased in the industrial sector but decreased in buildings sector in December, and consequently, the total consumption fell by 1.0% year-on-year.

9. Nuclear energy

The total nuclear generation grew by 19.1% year-on-year in December, as the number of nuclear power plants that are online increased, following the completion of preventive maintenance.

10. Heat and Renewable energy

Heat energy use decreased by 4.0% year-on-year in December, as the heating demand declined because of warmer weather.

Renewable & other energy consumption grew by 5.1% year-on-year (in December), led by the power generation sector.

11. The Industry Sector

Industrial energy consumption fell by 1.1% year-on-year in December, which was caused by decreased energy use in the petrochemical and primary metals sectors.

12. The Transport Sector

Transport energy consumption posted a year-on-year growth of 3.8% in December, as all transport sectors, except railways, consumed more energy.

13. The Buildings Sector

Energy use in buildings declined by 5.1% year-on-year in December, as warm winter days led to decreased energy use for heating.

14. Transformation

The total energy input for power generation fell by 0.1% year-on-year in December, as all major energy sources were less consumed except nuclear and renewable energy.

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 manufacturing production index increased by 1.3% year-on-year in November, led by the semi-conductor, iron & steel and automobile sectors.

The service production index grew at slower pace (1.1%), owing to the slower production growth in large energy consuming businesses such as the restaurant & accommodation and wholesale & retail businesses.

2. Energy Prices

Global oil price rose by 4.2% in January 2019 from the previous month due to oil producing countries’ output reduction and an expectation of improved trade relations between the U.S. and China.

Gasoline and diesel prices dropped by 5.7% and 5.6% respectively from the previous month due to the sharp decline in global oil prices.

Propane and butane prices went down by 4.6% and 7.2% respectively in January than a month earlier after the global prices plunged.

City gas price was fixed in January at the previous month’s level, marking seven consecutive months of stagnant prices.

Heat energy price was the same as the previous month, as city gas price was fixed.

Electricity prices[1] have been flat after the prices for industrial and general consumers dramatically increased in November, adjusted for the winter season.

The unit sales price of electricity for general and residential use rose by 3.1% and 3.3% respectively in December than a month earlier, while that for industrial use fell by 0.7%.

3. Energy Supply

The total energy Import volume was up 9.8% year-on-year in November, as the import of all major energy sources increased.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) declined by 2.4% year-on-year in November, although nuclear energy use rebounded, because petroleum, gas and coal use all declined.

Total Final Consumption (“TFC”) dropped by 2.0% year-on-year in November, owing to the decreased consumption in the industrial and buildings sectors, although the transport sector consumed more energy.

5. Coal

Coal consumption declined by 1.4% year-on-year in November despite growing industrial consumption, because the power generation sector consumed less amount of coal.

6. Petroleum

Petroleum consumption dropped by 5.3% year-on-year in November because of a steep decline in industrial naphtha use, although the consumption rebounded in the transport sector.

7. Gas

Natural gas consumption declined both in the power generation and gas production sectors in November, and as a result, the total consumption fell by 4.5% on a year-on-year basis.

City gas consumption fell slightly in the buildings sector, while it increased in the industrial sector, and the total consumption rose by 1.3% on a year-on-year basis.

8. Electricity

Electricity consumption grew by mere 1.5% year-on-year in November, as the growth of the industrial electricity consumption was offset by consumption decline in the primary metals sector.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 7.7% in November, as capacity factors increased amid decreased preventive maintenance.

10. Heat and Renewable energy

Heat energy consumption fell by 7.8% year-on-year in November, because the consumption for heating purposes declined due to warm weather.

Renewable & other energy consumption went up by 7.1% year-on-year (in November) especially in the power generation and industrial sectors on the back of the government support for renewable development.

11. The Industry Sector

Industrial energy consumption decreased by 3.2% year-on-year in November as a result of decreased consumption in the petrochemical and primary metals sectors.

12. The Transport Sector

Transport energy consumption rose by 3.2% year-on-year in November, as the consumption surged in the road transport sector due to the effect of fuel tax cut.

13. The Buildings Sector

Energy consumption in buildings fell by 2.7% year-on-year in November, because the heating demand declined amid decreased number of heating degree days.

14. Transformation

The total energy input for power generation fell by 1.3% year-on-year in November due to decreased gas-fired generation, although nuclear generation rebound.

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 total export value increased by 22.5% year-on-year in October on the back of the continuously booming semiconductor industry and an all-time high export figure in the petrochemical industry.

The manufacturing production index posted a year-on-year growth of 11.2% (in October), owing to the strong export growth and base effect, and the service production index was up 5.4%.

2. Energy Prices

Global oil price fell by 12.9% in December from the previous month in part because of growing concerns over an excessive oil supply.

Global coal price rebounded slightly in December after four-month decline, and natural gas price didn’t change from the previous month.

Gasoline and diesel prices declined by 9.3% and 7.1% in December from the previous month due to the global oil price drop and the government’s oil tax cut.

Domestic prices of propane and butane fell by 2.7% and 5.2% respectively in December from the previous month, which followed the global price plunge.

City gas price was fixed in the previous month (Nov), and it has been flat for the last six months.

Heat energy price was the same as the previous month due to fixed city gas prices.

Electricity prices[1] have been flat since November when the prices for industrial and general consumers soared due to price adjustment for the winter season.

The unit sales price of electricity for industrial and general consumers went up by 23.8% and 11.8% respectively in November than a month ago, and that of residential electricity rose by 5.5%.

The total energy import volume posted a year-on-year growth of 5.3% in October, as the import of major energy sources, particularly gas, all increased.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) went down by 0.3% year-on-year in October despite increased gas consumption, as coal and petroleum consumption decreased.

Total Final Consumption (“TFC”) was down 0.8% year-on-year in October, despite increased consumption in buildings, as it declined in the industrial and transport sectors.

5. Coal

Coal consumption declined by 5.8% year-on-year in October despite increased industrial consumption, because it dropped sharply in the transformation sector.

6. Petroleum

Petroleum consumption fell by 8.3% year-on-year in October, as the consumption plunged in both of the industrial and transport sectors.

7. Gas

Natural gas use posted a year-on-year growth of 34.4% in October, driven by surging demand from the power generation and gas production sectors.

City gas use increased by 18.2% year-on-year (in October), led by the industrial and buildings sectors, owing to the temperature effect and increased number of work days.

8. Electricity

Electricity consumption rose by 4.2% in October on a year-on-year basis, led by the industrial sector where the consumption grew fast partly due to more work days.

9. Nuclear energy

The total nuclear generation in October fell slightly short of the figure posted in the same month last year.

10. Heat and Renewable energy

Heat energy use posted a year-on-year growth of 38.1% in October, led by the residential and commercial sectors, amid increased number of heating degree days.

Renewable & other energy use grew by 13.7% year-on-year, especially in the power generation and industrial sectors, on the back of the government’s policy support for renewable energy.

11. The Industry Sector

Industrial energy consumption fell by 0.2% in October on a year-on-year basis, mostly in the petrochemical and primary metals industries.

12. The Transport Sector

Transport energy use declined by 8.8% year-on-year in October on account of a sharp drop in the road transport and domestic navigation sectors, in part as a result of the oil price increase.

13. The Buildings Sector

The buildings sector posted a year-on-year energy consumption growth of 6.5% in October, driven by increased city gas and heat energy use amid increased number of heating degree days.

14. Transformation

The total energy used for power generation posted a year-on-year growth of 0.9% in October, driven by increased gas use, though coal and nuclear energy 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

Gross Domestic Product(“GDP”) was up 2.0% year-on-year in 3Q despite faster decline in investment, as private spending increased moderately.

The total export value declined by 8.1% year-on-year in September due to the base effect of a surge during the same month last year and fewer work days.

The production index of manufacturing industry was down 8.9%, partly because of the reduced production of major export goods. The service production index also dropped by 1.5%.

2. Energy Prices

Global oil price fell by around 20% in November from the previous month, following the U.S. announcement that some Iranian oil importers will be exempted from its sanctions.

Coal price has declined for four consecutive months until November, while natural gas price stayed at the same level as the previous month.

The prices of gasoline and diesel fell by 6.0% and 4.1% year-on-year in November partly because of the government’s fuel tax cut.

The price of propane was unchanged from the previous month in November, while that of butane dropped by 2.5% owing to the fuel tax cut.

City gas price was fixed despite increased LNG price, which was aimed at stabilizing prices.

Heat energy price was unchanged, as city gas price remained at the same level as the previous month.

Electricity prices rose dramatically in November, as the winter season prices were applied for the industrial and general consumers.

The unit price of electricity for residential use went up in October than a month earlier, while that for industrial and general use went down.

The total energy import volume posted a 4.5% year-on-year growth in September, despite a drop in bituminous coal import, as the import of petroleum products and LNG increased.

4. Energy Consumption

Total Primary Energy Supply(“TPES”) fell by 1.8% year-on-year in September, even though gas consumption increased, as coal, petroleum and nuclear energy consumption all decreased.

Total Final Consumption (“TFC”) increased by 0.4% year-on-year in September despite a drop in the transport sector, as the industrial and buildings sectors posted consumption growth.

5. Coal

Coal consumption decreased in all end-use sectors in September, representing the first decline in 21 months.

6. Petroleum

Petroleum consumption fell by 0.4% year-on-year in September despite increased industrial consumption, because the transport and buildings sectors consumed less.

7. Gas

Natural gas consumption posted a year-on-year growth of 5.5% in September, led by the power generation and city gas production sectors.

City gas consumption was flat on a year-on-year basis, despite a sharp drop in the buildings sector, because industrial consumption increased.

8. Electricity

Electricity consumption slightly decreased in the industrial sector in September while increased in the buildings sector, and in total, it rose by 3.3% year-on-year.

9. Nuclear energy

The total nuclear generation decreased by 10.2% year-on-year in September, as the capacity factor fell to around 70% level due to the increased preventive maintenance.

10. Heat and Renewable energy

Heat energy consumption went up by 3.1% year-on-year in September mostly for residential and public use due to the increased number of heating degree days.

Renewable & other energy consumption registered a year-on-year growth of 8.1%, as the number of renewable energy facilities increased according to the government’s renewable energy development policy.

11. The Industry Sector

Industrial energy consumption increased by mere 0.7% in September on a year-on-year basis, as the consumption fell sharply in the primary metals sector and remained stagnant in the fabricated metals sector.

12. The Transport Sector

Transport energy use decreased by 2.5% year-on-year in September despite the consumption growth in the aviation sector, as it declined both in the road transport and domestic navigation sectors.

13. The Buildings Sector

Energy consumption in buildings went up by 3.0% year-on-year in September as a result of the increased electricity use in the residential and public sectors.

14. Transformation

The total energy input for power generation dropped by 4.7% year-on-year in September, especially nuclear energy and coal, as a result of the decreased total 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

The total export value went up by 8.7% year-on-year in August, as the semi-conductor & petroleum sectors continued to exhibit strong performance, and the export value of automobiles bounced back.

The manufacturing production index recorded a year-on-year growth of 2.0% (in August), partly due to the recovery of the auto industry, and the service production index was up 1.7%.

2. Energy Prices

Global oil price slightly increased in October from the previous month, affected by both upward and downward factors.

Global coal price has declined for three consecutive months, while natural gas price has been flat at $11/MMBTU.

Gasoline and diesel prices went up by 2.7% and 3.2% in October from the previous month, reflecting the global oil price increase from September to October.

Propane and butane prices were up 2.9% and 4.3% in October compared to the previous month in line with the global price trend.

City gas price has been stagnant since July, as the price of LNG—raw material of city gas—has been almost flat.

Heat energy price was unchanged, as city gas price remained at the same level as the previous month.

Electricity prices were flat in October, after it plunged in September according to the seasonal price adjustment (spring/autumn) for industrial and general customers.

The unit prices of electricity for each end-use fell sharply in September than a month earlier.

3. Energy Supply

The total energy import volume posted a year-on-year growth of 2.4% in August, backed by strong imports of petroleum products and LNG.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) increased by 5.4% year-on-year in August despite decreased petroleum consumption, as coal, gas and nuclear consumption all increased.

Total Final Consumption (“TFC”) rallied by 3.0% year-on-year (in August), as the consumption increased in all end-use sectors.

5. Coal

Coal consumption went up by 7.5% in August on a year-on-year basis, with the industrial and transformation sectors taking the lead.

6. Petroleum

Petroleum consumption fell by 0.3% year-on-year in August despite increased consumption in the transport sector, as the industrial and buildings sectors consumed less petroleum.

7. Gas

Natural gas consumption recorded a 17.0% year-on-year growth in August, backed by rapid consumption growth in the power generation and city gas production sectors.

City gas consumption went up by 4.1% year-on-year (in August), even though its use decreased in buildings, as the industrial sector consumed more city gas.

8. Electricity

Electricity consumption rose by 9.2% year-on-year in August, backed by rapid consumption growth in the industrial and buildings sectors.

9. Nuclear energy

The total nuclear generation posted a year-on-year growth of 7.0% in August with increased capacity factors.

10. Heat and Renewable energy

Heat energy consumption fell by 2.5% year-on-year in August despite growing consumption in the commercial and public sectors, as the consumption plunged in the residential sector.

Renewable & other energy consumption rose by 8.1% year-on-year (in August) despite decreased hydropower generation, on the back of increased renewable generation.

11. The Industry Sector

Industrial energy consumption grew by 2.1% year-on-year in August, owing to the consumption recovery in the fabricated metals industry.

12. The Transport Sector

Transport energy use recorded a 3.0% year-on-year growth in August, led by the road transport sector, although the domestic navigation and aviation sectors witnessed a decline in energy use.

13. The Buildings Sector

Energy consumption in buildings grew by 6.8% year-on-year in August as a result of growing energy demand for cooling, especially electricity, during extremely hot days.

14. Transformation

The total energy input for power generation increased by 9.8% year-on-year in August; almost all generation sources were more consumed due to a surge in power generation.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

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 total export value went up by 6.2% on a year-on-year basis in July despite weak performance of the shipbuilding and automobile industries, because the semi-conductor and iron & steel industries posted strong growth in export revenue.

The manufacturing production index was up 0.9%, led by the semi-conductor and basic chemical material sectors, and the service production index was up 2.1%.

2. Energy Prices

Global oil price rose by 5.7% from the previous month in September, seemingly influenced by concerns over oil supply shortages because of the renewed US economic sanctions on Iran.

Global coal price was still high, despite a slight fall, while natural gas price was stagnant at $11/MMBTU.

Gasoline and diesel prices went up by 1.2% and 1.4% respectively in September, as global oil price grew rapidly from the previous month.

Propane and butane prices stayed at the prior month’s level, despite increased global prices, in order to enhance the price competitiveness.

City gas price was stagnant (in September) compared to the previous month, because the price of LNG, which is used as raw material, was almost flat.

Heat energy price was flat as well, as city gas price maintained the prior month’s level.

Electricity prices[1] fell sharply in September following the seasonal price change (spring/winter) for industrial and general use.

The unit sales price of electricity for residential use rose sharply, while the prices declined in the case of general and industrial use.

3. Energy Supply

The total energy import volume was up 3.1% year-on-year in July, especially crude oil, petroleum products and LNG.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) increased by 2.8% year-on-year in July despite decreased petroleum consumption, as coal, gas and nuclear energy consumption all increased.

Total Final Consumption (“TFC”) increased slightly by 0.1% year-on-year (in July), led by the industrial and buildings sectors, though the consumption declined in the transport sector.

5. Coal

Coal consumption went up by 2.8% year-on-year in July, led by the transformation sector, although the consumption declined in the industrial sector.

6. Petroleum

Petroleum consumption declined by 1.7% year-on-year in July due to a drop in final consumption.

7. Gas

Natural gas production went up by 7.1% year-on-year in July, driven by soaring demand for city gas production.

City gas consumption posted a year-on-year growth of 7.0%, as the consumption largely increased in the industrial sector, though it declined in the buildings sector.

8. Electricity

Electricity use increased by 1.9% year-on-year in July due to the slower consumption growth in the industrial and buildings sectors.

9. Nuclear energy

Nuclear generation recorded a year-on-year growth of 6.8% in July, as the average capacity factor increased as a result of decreased preventive maintenance on daily average.

10. Heat and Renewable energy

Heat energy consumption grew by 6.9% in July on a year-on-year basis on growing cooling demand along with increased number of cooing degree days.

Renewable & other energy consumption grew by 17.9% (in July) on a year-on-year basis due to the base effect and increased renewable generation from newly built facilities.

11. The Industry Sector

Industrial energy consumption went up by mere 0.5% year-on-year in July, as the consumption slowed down in the petrochemical and fabricated metals industries.

12. The Transport Sector

Transport energy use fell by 1.3% year-on-year in July because of less energy use in the domestic navigation and aviation sectors, though more energy was consumed for road transport.

13. The Buildings Sector

Energy consumption in buildings went up by no more than 0.2% in July, even though energy use for cooling increased due to extremely hot weather, because city gas consumption declined.

14. Transformation

The total energy input for power generation increased by 6.2% in July on a year-on-year basis, and coal and nuclear energy took the lead.

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”) recorded a year-on-year growth of 2.8% in 2Q 2018, backed by decent growth in private spending, although the investment declined.

The total export value fell by 0.3% year-on-year in June despite strong performance of the semi-conductor industry, affected by fewer work days and the base effect of outstanding last year’s record in ship export.

The production index of mining & manufacturing industries fell by 0.4% due to decreased production of electrical devices and automobiles, while the service production index rose by 1.7%.

2. Energy Prices

Global oil price went down by 2.0% in August from the earlier month on mounting concerns over the global economic slowdown amid the intensifying U.S.-China trade disputes.

Global coal price soared recently to near $120/ton, while natural gas price has been stagnant at $10/MMBTU..

Gasoline and diesel prices were almost flat in August compared to the previous month in line with the global oil price trend.

Propane and butane prices rose by 2.1% and 3.0% respectively in August from the previous month, according to the increase in the won/dollar exchange rate.

City gas prices for each end-use went up by around 4% from the earlier month, reflecting the LNG price increase in the previous month (July).

Heat energy price was up 0.5% in August from the previous month as a result of the city gas price change in July and the yearly calculation of fuel cost.

Electricity prices for industrial and general consumers rose sharply in June with the seasonal rate adjustment, and since then, the prices have been stagnant until August.

The unit sales price of electricity posted a year-on-year growth of 6.7% in July and increased in all end-use sectors.

3. Energy Supply

The total energy import volume went up by 4.3% year-on-year in June, as the import of major energy sources all increased except bituminous coal.

4. Energy Consumption

Total Primary Energy Supply(“TPES”) increased by 3.0% year-on-year in June, despite decreased use of nuclear energy, as coal, petroleum and gas use all increased.

Total Final Consumption (“TFC”) recorded a year-on-year growth of 2.8% in June, despite weak consumption in the buildings sector, as the consumption increased in the industrial and transport sectors.

5. Coal

Coal consumption recorded a year-on-year growth of 4.9% in June, led by the industrial and transformation sectors.

6. Petroleum

Petroleum consumption increased by 1.5% year-on-year in June, led by the industrial, transport and transformation sectors, although the consumption declined in the buildings sector.

7. Gas

Natural gas consumption went up by 14.2% year-on-year in June, along with double digit growth rates in the power generation and city gas production sectors.

City gas consumption increased by 5.5% year-on-year in June, driven by a surge in the industrial consumption, although the consumption declined in the buildings sector.

8. Electricity

Electricity consumption rose by 3.5% year-on-year in June, as the consumption grew faster in the buildings sector and more slowly in the industrial sector.

9. Nuclear energy

Nuclear generation decreased by 9.5% year-on-year in June, following the shutdown of nine reactors for preventive maintenance.

10. Heat and Renewable energy

Heat energy consumption went up by 10.8% year-on-year in June amid decreased number of cooling degree days and growing supply to new facilities.

Renewable & other energy consumption rose by 10.1%, as renewable and hydropower generation increased with the growth in installed capacity and the amount of rainfall.

11. The Industrial Sector

Industrial energy use recorded a year-on-year growth of 3.8% in June, led by the petrochemical and fabricated metals sectors.

12. The Transport Sector

Transport energy use rebounded by 2.1% in June on a year-on-year basis, as the consumption bounced backed in the road transport sector.

13. The Buildings Sector

Energy consumption in buildings fell by 0.4% year-on-year in June especially in commercial and public buildings due to decreased number of both cooling degree days and work days.

14. Transformation

The total energy input for power generation rose by 2.5% year-on-year in June, mainly coal and gas.

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

[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).

1. The Economy and the Industry

The total export value went up by 12.9% year-on-year in May due to the strongest performance of the semiconductor industry and picking up export in the petroleum & petrochemical product industries.

The production index of mining & manufacturing industries rose by 1.2%, with the ICT & basic chemical materials sectors taking the lead, and the service industry production index was up 2.3%.

2. Energy Prices

Global oil price inched up by 0.8% in July from the previous month amid growing geopolitical instability in the Middle East in addition to the reduced crude inventory levels in the U.S.

Global coal price soared in May to over $100 per ton, while natural gas price has been flat at around $9/MMBTU [1].

The prices of gasoline and diesel were almost the same as the previous month in July along with the stagnant global oil price.

The prices of propane and butane increased by 2.3% and 3.0% respectively in July compared to the previous month in line with the global price hikes.

City gas price increased by around 4% in July than a month ago, reflecting the recent rise in LNG price.

Heat energy price rose by 0.53% for all end-users as a result of the city gas price adjustment and yearly calculation of fuel costs.

Electricity price increased sharply[2] after the prices for industrial and general use were seasonally adjusted in June from spring to summer.

The unit prices of electricity for industrial and general use rose dramatically in June due to the seasonal price adjustment.

3. Energy Supply

The total energy import volume recorded a year-on-year growth of 6.3% in May, as the import of major energy commodities all increased.

4. Energy Consumption

Total Primary Energy Supply(“TPES”) made a year-on-year growth of 3.8% in May despite decreased nuclear generation, as coal, petroleum and gas consumption all increased.

Total Final Consumption (“TFC”) recorded a year-on-year growth of 4.2% despite less energy use in the transport sector, because the energy consumption increased in the industrial and buildings sectors.

5. Coal

Coal consumption grew at slower pace in May, as it started to decline in the transformation sector, although the industrial coal consumption maintained a rapid growth.

6. Petroleum

Petroleum consumption went up by 2.3% in May despite less use of gasoline, diesel and bunker-C oil, as naphtha, LPG and jet oil consumption all increased.

7. Gas

Natural gas consumption grew faster in MAY, as it surged in the power generation sector amid sharply decreased baseload generation and growing power demand.

City gas consumption went up by 7.7% year-on-year (in May), as the consumption soared in the industrial sector and started to increase in the buildings sector.

8. Electricity

Electricity consumption rose by 4.6% year-on-year in May, and the consumption increased in both of the industrial and buildings sectors.

9. Nuclear energy

The total nuclear generation fell by 16.8% year-on-year in May because of the intensified safety inspections at nuclear power plants and the closure of wolsong unit1.

10. Heat and Renewable energy

Heat energy use jumped by 30.0% in May on a year-on-year basis according to the increased number of heating degree days and the commissioning of a new CHP plant.

Renewable & other energy consumption rose by 12.7% amid increased hydropower & renewable generation and constantly growing renewables’ share of TFC.

11. The Industrial Sector

Industrial energy consumption recorded a year-on-year growth of 6.2% in May, as the consumption was recovered in large energy consuming businesses.

12. The Transport Sector

Transport energy consumption went down by 2.5% in May on a year-on-year basis because of the consumption decline in the road transport and domestic navigation sectors, although the aviation sector consumed more energy.

13. The Buildings Sector

Energy consumption in buildings went up by 4.9% year-on-year in May, influenced by higher heating degree days and lower energy prices.

14. Transformation

The total energy input for power generation posted a year-on-year growth of 1.3% in May, and gas accounted for the majority part of the growth.

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

[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).