Reserve breached before breakfast

Home > Business > Economy

print dictionary print

Reserve breached before breakfast

Korea saw its electricity reserve plunge below the critical level of four million kilowatts yesterday morning, forcing it to issue a power alert at 8:36 a.m. before many energy-guzzling plants and companies had fired up.

The early-morning notice set alarm bells ringing at power management companies and government offices as they forecast earlier that energy consumption would not reach its peak until between 11 a.m. and noon this month.

The Ministry of Knowledge Economy said households used more electricity for heating yesterday as they experienced subzero temperatures the day before. The power reserve went back up above the four-million-kilowatt level at 11:45 a.m. Making matters worse, the heads of organizations responsible for managing the electricity supply are either out of the country or currently non-existent.

Knowledge Economy Minister Hong Suk-woo is due to return from the U.S. today and visit Yeonggwang nuclear power plant in South Jeolla to make sure two reactors there can resume operations this month.


By Lee Sun-min [summerlee@joongang.co.kr]

More in Economy

Exports up 11 percent for first 20 days of November

Guffaws as officials offer out-of-touch apartment advice

BOK appoints a deputy governor

Household income grows in Q3, but not for bottom 20%

Angst in Korea ain't what it used to be as Covid tops list

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now