7th Basic Plan for Long-Term Electricity Supply and Demand 2015-2029

Name of policy 7th Basic Plan for Long-Term Electricity Supply and Demand 2015-2029
Jurisdiction Country
Supranational region
Country Korea (South)
Region Asia


Subnational region or state
City or local
Policy objective
  • Mitigation
  • Energy security
Type of policy instrument
  • Target
    • Energy efficiency target
      • Political & non-binding energy efficiency target
    • Renewable energy target
      • Political & non-binding renewable energy target
Sector name
  • Electricity and heat
    • CCS
    • Coal
    • Gas
    • Nuclear
    • Oil
    • Renewables
Policy description "The Basic Plan for Long-term Electricity Supply and Demand (BPE) is prepared by the Ministry of Trade, Industry and Energy pursuant to Article 25 of the Electricity Business Act

(EBA) for a stable supply and demand of electricity. BPE is announced biennially and it is reviewed and released by the Electricity Policy Review Board pursuant to Article 15 of the Electricity Business Decree after the consultation among the Ministries, the report to the National Assembly Standing Committee, and the public hearing".

Targets

- 11.7% renewable total generation by 2029

- 20.1% renewable generation capacity by 2029

- Annual demand reduction by 14.3% against BAY by 2029

- Peak demand reduction by 12% against BAU by 2020

Policy type
  • Changing activity
  • Energy efficiency
  • Renewables
  • Nuclear or CCS or fuel switch4
Policy stringency
Implementation state Implemented
Date of decision 2015
Start date of implementation 2015
End date of implementation 2019
High impact GHG reduction
Impact indicator
NameValueBase yearTarget yearComments
Share of renewables (%)
Energy efficiency improvement target (%)
11.7
14.3
2,02911.7% renewable total generation , 20.1% renewable generation capacity
annual demand reduction


Source or references http://www.kpx.or.kr/eng/downloadBbsFile.do?atchmnflNo=26448
Supports policies
Is supported by policies
Comments (background and assessment)
Status Final

Download this policy as Excel file



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