April 19, 2024
Industrials
Industrial power consumption up in Q1
[THE INVESTOR] Korea’s industrial electricity consumption rose for five straight quarters in the first three months of the year, the government said on April 27.
The amount of electricity consumed by the country’s industrial sector reached 71.06 billion kilowatt-hours in the January-March period, up 2.4 percent from the same period last year, according to the Ministry of Trade, Industry and Energy.
The quarterly figure has been on a steady rise since the first quarter of 2016 when it turned around to mark a 1.5 percent on-year gain.
By sector, electricity consumption by semiconductor businesses rose 5 percent on-year over the three-month period, while the chemical and oil refinery sectors saw their power usage grow 4.5 percent and 1.6 percent, respectively.
The country’s overall electricity sales in the three months through March gained 1.3 percent on-year to 132.18 billion kilowatt-hours, with consumption by commercial buildings rising 1.6 percent but that of households dropping 0.7 percent from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The amount of electricity consumed by the country’s industrial sector reached 71.06 billion kilowatt-hours in the January-March period, up 2.4 percent from the same period last year, according to the Ministry of Trade, Industry and Energy.
The quarterly figure has been on a steady rise since the first quarter of 2016 when it turned around to mark a 1.5 percent on-year gain.
By sector, electricity consumption by semiconductor businesses rose 5 percent on-year over the three-month period, while the chemical and oil refinery sectors saw their power usage grow 4.5 percent and 1.6 percent, respectively.
The country’s overall electricity sales in the three months through March gained 1.3 percent on-year to 132.18 billion kilowatt-hours, with consumption by commercial buildings rising 1.6 percent but that of households dropping 0.7 percent from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
