Electricity consumption expected to hit record high this summer

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Electricity consumption expected to hit record high this summer

PUBLISHED :July 12, 2017 - 17:15
UPDATED :July 12, 2017 - 17:15

[THE INVESTOR] South Korea’s electricity consumption is expected to hit a record high this summer.

According to the Korea Power exchange, peak electricity usage will likely reach 86.5 million kilowatts during the summer season, up 1.32 million kilowatts from a year earlier. Despite the all-time high electricity demand, the KPX said the power supply reserve ratio will be 11.7 percent at 10.1 million kilowatts, as the country has a power supply capacity of 96.8 million kilowatts.

(theinvestor@heraldcorp.com)

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Economy

Electricity consumption expected to hit record high this summer

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