South Korea's natural gas demand likely to dip on nuclear startups, mild winter, power price cap hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Nuclear power accounted for over 30 percent of the country s energy this year, in a marked elevation of the once-demonized power generation method that is increasingly appreciated for its affordability, stability and exportability, according to market watchers, Monday. The seven-year high of 30.7 percent registered in the first 11 months of this year is the highest since 31.7 percent in 2015.
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Record-high energy demand this winter sparked by the recent cold snap is further strengthening the case for electricity rate hikes in the coming weeks, market watchers said Sunday. The gradual yet certain energy price hikes will add to the woes of many households in the form of increased living expenses in the broader context of accelerating inflation. The finance ministry said consumer prices will register a year-on-year increase of 3.5 percent next year, up 0.5 percentage point from projections announced in June. This year s electricity rate was raised by a combined 19.3 won per kilowatt-hour (kWh) in three separate hikes in April, July and October.