South Korea Power Report

Published 16 June 2015

  • 60 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
South Korea Power Report

BMI View: The outlook for South Korea's renewables industry remains muted, despite the recent announcement of the government's clean energy investment plan. The country's challenging regulatory environment for renewables and the availability of cheaper sources of power, notably nuclear and coal, will undermine investment into the sector.

We forecast overall power generation to grow at an average of 3.8% a year between 2015 and 2024, reaching 791.3 terawatt hours (TWh) by the end of the period. While coal- and gas-fired generation will continue to play a vital role, we expect nuclear generation to have the fastest growth rates. That said, we believe high growth rates will feature more greatly in the second half of our 10-year forecast period, given the current high level of public distrust of nuclear power.

The South Korean market for liquefied natural gas (LNG) will cool in the near-term, as high prices and company obligations to cut expenditure will see Kogas and utilities trim LNG purchases and rely on nuclear whenever possible. In the longer term, new gas power plants and the country's quest to increase power supply to the market will mean LNG demand rises, although we have also moderated our forecasts to show slower demand growth.

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
South Korea Snapshot
10
Table: Country Snapshot: Economic And Demographic Data (South Korea 2014-2019)
10
Table: Country Snapshot: Economic And Demographic Data (South Korea 2019-2024)
10
Table: Country Snapshot: Power Sector
10
South Korea Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Total Electricity Generation Data And Forecasts (South Korea 2013-2018)
11
Table: Total Electricity Generation Forecasts (South Korea 2019-2024)
12
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2013-2018)
14
Table: Electricity Generating Capacity Forecasts (South Korea 2019-2024)
14
Cooler LNG Market Ahead
17
Electricity Consumption
20
Table: Total Electricity Consumption Data And Forecasts (South Korea 2013-2018)
20
Table: Total Electricity Consumption Forecasts (South Korea 2019-2024)
20
Transmission And Distribution, Imports And Exports
22
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2013-2018)
22
Table: Electric Power T&D Losses Forecasts (South Korea 2019-2024)
23
Table: Trade Data And Forecasts (South Korea 2013-2018)
23
Table: Trade Forecasts (South Korea 2019-2024)
23
Industry Risk/Reward Ratings
24
Asia Power Risk/Reward Index
24
Table: Asia Power Risk/Reward Index
29
South Korea Power Risk/Reward Index
30
Rewards
30
Risks
30
Market Overview
31
Key Policies And Market Structure
31
Regulation And Competition
31
Sustainable Energy Policies
31
Pricing
33
Carbon Trading
33
Table: Fact Box: Emissions Reduction Targets By Industry
34
Table: Fact Box: Top Emitters Of Carbon Dioxide In 2012 By Country
34
South Korea Power Projects Database
35
Table: Key Power Projects
35
Competitive Landscape
39
Company Profile
41
Korea Electric Power Corporation (Kepco)
41
Regional Overview
45
Asia Regional Overview
45
Table: Fact Box: Result Of December 2014 Elections
48
Glossary
49
Table: Glossary Of Terms
49
Methodology
50
Industry Forecast Methodology
50
Sources
53
Risk/Reward Index Methodology
53
Table: Power Risk/Reward Index Indicators
54
Table: Weighting Of Indicators
55

The South Korea Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The South Korea Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for South Korea to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks South Korea's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in South Korea.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector and within the broader political, economic and business environment.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc