Power Sector in Developing Asia: Current Status and Policy Issues

Jong Ho Hong (), Changhun Kim () and Heeyoung Shin ()
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Jong Ho Hong: Seoul National University
Changhun Kim: Korea Energy Economics Institute
Heeyoung Shin: Korea Development Institute

No 405, ADB Economics Working Paper Series from Asian Development Bank

Abstract: We examine the current status and future prospects of the electricity sectors and key policy issues in the People’s Republic of China (PRC), India, Japan, and the Republic of Korea. Fuel mix and energy efficiency are key to providing stable, affordable power, while curtailing future emissions in the PRC. In India, power plants cannot operate efficiently because of problems in the coal industry; transmission losses also need to be immediately addressed. In Japan, nuclear accounted for 27% of output in 2009 which fell to 18% following the Fukushima Daiichi accident. Currently, only two reactors are in operation. Japan aims to diversify its generation portfolio by expanding renewables. In the Republic of Korea, the average electricity price does not recover production costs which may have led to overconsumption. The budget for renewables should increase two-fold in the next 2 to 3 years but has instead decreased by 15% compared to 2012. The PRC, India, and the Republic of Korea plan to build more nuclear power plants. The cost of the entire life cycles of those plants needs to be analyzed, and the impacts of nuclear power on current and future generations must be considered in full.

Keywords: power sector; government policy; energy efficiency; nuclear; renewables (search for similar items in EconPapers)
JEL-codes: Q40 Q48 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2014-09-01
New Economics Papers: this item is included in nep-ene
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