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IN-DEPTH: S. Korea's power demand expected to peak this month amid questions over long-term measures Updated: 2022-08-08 16:53:11 KST

It does seem that South Korea's going to make it through this summer and the immense strain on its power grid.
But this unprecedented demand for electricity does raise some questions about the country's long-term plans for energy.
Not only in terms of supply, but cost, too, with prices having risen this summer for households and businesses.
For a closer look at the country's power supply and its future, we're joined tonight on the program by our frequent guest, Professor Song Soo-young, Professor of Business at Chung-Ang University.

Q1. Electricity usage in Korea last month rose to its highest on record. According to the Korea Power Exchange, it was up 1 percent from the same month last summer. What's driven the increase in power consumption, even as the facilities we use in our everyday lives become more efficient?

Q2. Power reserves fell to below 10 percent, the safe level, three times last month. How serious is the situation? Are we going to see brownouts or blackouts?

Q3. The government had warned this would happen this summer. What's the government doing to either increase supplies or reduce consumption?

Q4. Not only has demand for electricity gone up, so has the price. The government's trying to help the Korea Electric Power Corporation, which has been running at a deficit of billions of dollars a year. There's been criticism that little has been done to boost supply but prices are going up. What do you make of the electricity price hike?

Q5. This situation happens to some extent every summer. In the longer term, what does Korea need to do to meet its energy needs? President Yoon wants to revive the nuclear industry. Is Korea's future in nuclear?
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