S. Korea spending $42 billion on power plants
Total power consumption is forecast to grow 1.9 percent each year on average until 2024, the Ministry of Knowledge Economy said in a statement.
The world's fifth-largest importer of oil and one of the world's fastest-growing carbon polluters says its dependency on fossil fuels will slow gradually while investment in cleaner energy will rise quickly.
South Korea is expected to generate a third of its electricity from nuclear energy in 2024, compared to 25 percent this year, according to the statement.
"A large gain in the portion of nuclear energy as of power output in 2024 is expected to contribute to a low-carbon, high-efficiency consumption structure," the statement said.
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Nunavut's electricity price hike explained
Nunavut - Ahead of the Nunavut government's approval of the general rate increase for the Qulliq Energy Corporation, many Nunavummiut wondered how the change would impact their electricity bills.
QEC's request for a 6.6-per-cent increase was approved by the government last week. The increase will be spread out over two years, with the first increase (3.3 per cent) effective May 1, 2018. The remaining 3.3 per cent will be applied on April 1, 2019.
Public housing units, however, are exempt from the government's increase altogether.
The power corporation also asked for a territory-wide rate, so every community would pay the same base rate…
