Electricity Consumption Forecast to Grow 5% in 2012

Electricity consumption, which grew by 10 percent last year, is estimated to rise 5.7 percent this year and 5.1 percent in 2012, according to a report released by the Korea Energy Economics Institute on Wednesday, .

Of total energy consumption, electricity is expected to account for over 20 percent next year, up slightly from this year's estimated 19.8 percent.

Overall energy consumption in the country is forecast to grow by around 3 percent next year.