Revived Power Demand with Economic Recovery... May Average Peak Power Up 7.3% YoY

Power Demand Recovery... Average Maximum Power in May Up 7.3% Compared to Last Year

[Sejong=Asia Economy Reporter Kwon Haeyoung] As the economy, which had contracted due to COVID-19 last year, recovers, electricity demand is also rebounding.

According to the Electric Power Statistics Information System (EPSIS) on the 9th, the average maximum power demand in May this year was 63,388 MW, an increase of 7.3% compared to the same period last year.

The average maximum power demand refers to the average value of the daily maximum power demand over a certain period. The increase in the monthly average maximum power demand can be interpreted as a rise in domestic electricity demand.

The average maximum power demand, which had been declining due to the impact of COVID-19, rebounded in November last year with a 0.3% increase compared to the same period the previous year, and has continued to rise for seven consecutive months. In particular, the maximum power demand in May narrowed the gap to 0.5% compared to the average maximum power demand in May two years ago (63,715 MW), recovering to the pre-COVID-19 level.

In fact, KEPCO's monthly electricity sales also turned to an increasing trend starting at the end of the year. According to KEPCO's Electric Power Statistics Bulletin, monthly electricity sales have shown an increasing trend for five consecutive months since November last year.

As electricity demand shows signs of recovery, and with the traditional peak electricity season of July to August approaching, there is also analysis suggesting the need to prepare for electricity supply and demand management during the summer season.

This content was produced with the assistance of AI translation services.