SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s electricity consumption touched a record monthly high in December as the country was gripped by a nationwide cold wave and heavy snow, the power operator said Tuesday. The country’s average maximum power consumption stood at 82,716 megawatts (MW) last month, up 5.1 percent from a year earlier, [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea plans to cut its total power consumption 14 percent by 2030 by improving the energy efficiency of local factories, buildings and cars, the industry ministry said Wednesday. Under the plans, the country aims to save 10.8 trillion won (US$8.94 billion) on energy imports in 2030, while reducing [...]
SEOUL, Aug. 22 (Korea Bizwire) – August 22 is Korea’s Energy Day. First held in 2004, the day was established to raise awareness of the importance of saving energy, after August 22, 2003 marked Korea’s highest-ever day of electricity consumption. To celebrate this year’s event, cities and provinces across South Korea are promoting ‘lights-out’ events [...]
SEOUL, Aug. 8 (Korea Bizwire) – Amid ongoing criticism of the ‘progressive electricity billing system’, under which households are charged higher electricity rates for higher electricity use, the International Energy Agency (IEA) revealed in a recent report that industrial power consumption far outweighs residential power consumption in Korea, a trend that marks a stark contrast [...]