Government and KEPCO to freeze electricity rates in the first quarter of next year

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Electricity rates were frozen in the first quarter of next year. On the 20th, KEPCO announced that it had to raise the fuel cost adjustment unit price by 3 won per kWh according to the fuel cost indexation system due to the increase in power generation fuel costs, but as a result of the government’s reservation, the fuel cost adjustment unit price was fixed at 0 won. Accordingly, the unit price of electricity in the first quarter of next year will be maintained at the unit price of the fourth quarter. In KEPCO, the adjustment factor occurred due to the effect of a sharp rise in international fuel prices from the government.

Reference-www.hani.co.kr

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