The 3rd Basic Energy Plan (2019-2040)

The 3rd Basic Energy Plan establishes the national vision for "Sustainable Growth through Energy Transition and Improvement of Quality of Life". 

The plan is built on five core pillars:

• Consumption Innovation: Targets a 38% improvement in energy efficiency and an 18.6% reduction in total demand by 2040 through demand management in industry, buildings, and transport.
• Energy Mix Transition: Aims to increase the share of renewable energy to 30-35% by 2040 while drastically reducing coal power and gradually phasing out nuclear energy (by halting new construction and ending lifespan extensions).
• Decentralized Systems: Plans to increase the proportion of distributed power generation from 12% (in 2017) to 30% by 2040 and strengthen the roles of local governments and "energy prosumers".
• Industrial Competitiveness: Fosters future industries like hydrogen (targeting 2.9 million FCVs and 10.1GW of fuel cells by 2040) and renewable energy while adding high value to traditional oil and gas sectors.
• Market Reform: Updates power, gas, and heat market systems to facilitate transition, including the introduction of time-of-use (TOU) pricing and energy big data platforms.

The plan was superseded in 2022.

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