According to ‘2015 trends for electric power consumption’ published on the 27th by the ministry of Trade, Industry and Energy, the electric power consumption for last year was 483.7 billion kWh, or an increase by 1.3% in comparison to the year previous, which is higher than the rate of increase for the previous year (0.6%).
Ministry of Trade, Industry & Energy explained “The increasing trend for electric power consumption was led by the power for general and housing use due to the recovery in domestic demands and an increase in the number of electricity users”.
Per use, the increase rate in electric power consumption for agricultural use recorded the largest amount at 8.3%, followed in the order of street lamps (3.7%), educational use (3.4%), general use (2.9%), housing use (1.8%), industrial use (0.4%), etc.
The increase rate in electric power consumption for industrial use remained at 0.4% due to a weakness in business types with a large consumption of electric power products such as steel, electronics, etc. Relative weight accounted for by steel and electronic business types in total power consumption for industrial use is on the level at 31%.
Meanwhile, the electric power market price (SMP) for last year recorded \101.76 per kWh, representing a decrease by 28.5% in comparison with the year previous. This was due to a reduction in fuel costs resulting from a drop in oil prices and expansion of base equipment such as nuclear power plant and thermal power generation, etc.
※ Domestic economy growth rate (%) total : (’12) 2.3 ⇒ (’13) 2.9 ⇒ (’14) 3.3 ⇒ (’15e) 2.6 ⇒ (’16e) 3.0