Electricity Archives | Be Korea-savvy
South Korea’s Green Energy Production Still in its Infancy

South Korea’s Green Energy Production Still in its Infancy

SEOUL, May 2 (Korea Bizwire) – The latest data from the Korea Energy Agency has revealed that new and renewable energy sources accounted for 6.61 percent of total electricity generation in South Korea in 2015, up from 4.92 percent in 2014 and surpassing 5 percent for the first time.  The improvement was largely attributed to [...]

Geothermal Power Plant is a First for Korea

Geothermal Power Plant is a First for Korea

POHANG, Feb. 15 (Korea Bizwire) – Electricity generated from geothermal energy will soon be distributed to South Korean households for the first time in history.  The electricity will come from Pohang, a city on the southeast coast of the Korean Peninsula, which has been making use of geothermal energy some four kilometers below the surface [...]

Government to Stabilize Prices for New and Renewable Energy

Government to Stabilize Prices for New and Renewable Energy

SEOUL, Nov. 30 (Korea Bizwire) – In an effort to promote new and renewable energy, and stabilize fluctuating prices, the government has decided to institute “20-year fixed-price contracts” that will better guarantee business profits as well as attract more investment in the sector.  According to the Ministry of Trade, Industry & Energy, the government will [...]

Korea Spending 2.5 Trillion Won to Remove Utility Poles

Korea Spending 2.5 Trillion Won to Remove Utility Poles

SEOUL, Oct. 26 (Korea Bizwire) – The Korea Electric Power Corporation announced Tuesday that it will spend 2.5 trillion won ($2.2 billion) to remove utility poles and move power lines and other electricity installations underground over the next two years.  Although utility poles have steadily disappeared from developed neighborhoods in city areas, many still remain [...]

American Soldiers Overusing Electricity: Data

American Soldiers Overusing Electricity: Data

SEOUL, Oct. 24 (Korea Bizwire) – Recent data from the Korea Electric Power Corporation (KEPCO) showed that electricity consumption per capita for the USFK was almost ten times the average rate for the Korean military, again raising questions over excessive energy consumption by American military personnel stationed on the peninsula.  According to KEPCO, electricity consumption [...]

Some 670,000 Households Unable to Pay Electricity Bill: Report

Some 670,000 Households Unable to Pay Electricity Bill: Report

SEOUL, Sept. 30 (Korea Bizwire) – Some 670,000 households were unable to pay their electricity bill this year as of July, a report from the state energy supplier showed Friday, a tally that may increase after record summer heat is estimated to have jacked up the bill from using air conditioning.  The report, submitted by [...]