South Korean power generation increased in July

South Korean power generation increased to 50.3TWh in July, up 17.1% m-o-m and up 10.6% y-o-y. Coal-fired generation increased to 23.6TWh, up 29.2% m-o-m and up 15.6% y-o-y. This is higher than our forecast at 21.1TWh. Gas-fired generation increased to 11.9TWh, up 22.9% m-o-m and up 29.8% y-o-y. On the other hand, nuclear power generation remained low at 12.2TWh, down 2.1% m-o-m and down 9.9% y-o-y, due to maintenance at 8 nuclear power plants.

South Korean renewable generation increased to 2.6TWh, up 1.8% m-o-m and up 14.7% y-o-y. Hydro power generation totalled 0.6TWh, up 13.8% m-o-m but still remained 29.1% lower y-o-y. Generation from other renewable sources totalled 1.9TWh, down 1.6% m-o-m but still was 44.2% higher y-o-y.

South Korean power generation increased to 319TWh over the first 7 months of the year, up 5.1% y-o-y. Coal-fired generation increased to 142.8TWh, up 5.5% y-o-y. Gas-fired generation also increased to 67.9TWh, up 25.8% y-o-y. Nuclear generation declined to 90.3TWh, down 9.6% y-o-y.

Renewable generation increased to 17.8TWh, up 30.4% y-o-y. This includes hydro power output, which increased to 3.8TWh, up 1.7% y-o-y. Generation from other renewables increased to 14TWh, up 41.3% y-o-y.

 

Source: KEPCO