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Analysis & Forecasts

Asia Pacific

February 2018

South Korea

South Korean power demand is expected to rise by around 5% on an annual basis in Q1 2018 to around 149 TWh. This growth will be supported by the periods of cold weather that hit the country in January – when severe temperatures forced up electricity use and tested South Korea’s reserve margins. The Korea Power Exchange was forced to order some companies to reduce their power consumption. Further below-average temperatures are forecast at the start of February, which will also boost power use...