Europe’s LNG Stockpiling Drives South Korea Electricity Cost Surge
Domestic natural gas prices for power generation have surged nearly 40% over the past year, sharply driving up the cost of electricity production. South Korea’s power market is structured such that the LNG (liquefied natural gas) power plants, which have the highest generation cost, determine the overall System Marginal Price (SMP). The rise in gas ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
