Forecast: Electric Power Transmission and Distribution Losses in South Korea

Electric power transmission and distribution (T&D) losses in South Korea have shown a consistent year-on-year decline from 2013 to 2023, with a 3.4% loss in 2013 dropping to 2.96% in 2023. Significant percentage decreases such as 4.52% in 2013 transitioned into more stable declines around 1.3% yearly. Notably, the Compound Annual Growth Rate (CAGR) over the past five years has averaged a reduction of approximately 1.28% annually. Forecasts indicate this downtrend will continue, with losses projected to decline to 2.76% by 2028 and a forecasted five-year CAGR of -1.1%, translating to a total reduction of 5.37% by that year.

Future trends to watch for include potential technological advancements in grid infrastructure, renewable energy integration, and government policies aiming to further reduce T&D losses and improve energy efficiency across the nation’s power network.