The nuclear electricity generation in South Korea has experienced fluctuations over the past decade. After peaking in 2015 at 157.16 thousand gigawatthours, it witnessed a decreasing trend until 2018, reaching a low of 127.08 thousand gigawatthours. Since then, there has been a partial recovery, with the value stabilizing around 137.74 thousand gigawatthours in 2023. Year-on-year variations have shown mixed results, with significant drops in some years, such as 2017 and 2018, and slight recoveries thereafter. The 5-year CAGR leading up to 2023 reflects a modest average growth of 1.62% annually.
Future trends to watch for:
• With forecasted data indicating only a slight annual growth (0.12% CAGR) over the next five years, the nuclear electricity generation is expected to remain relatively stable.• Technological advancements and government policies could impact these projections, potentially leading to higher efficiency or renewed investment in nuclear power.• Environmental and safety concerns might also influence the future trajectory of nuclear energy production in South Korea.