Monthly Electricity Bill for 4-Person Households to Increase by 1,050 Won from October to December This Year

[Asia Economy Reporter Haeyoung Kwon] The government and Korea Electric Power Corporation (KEPCO) have raised the electricity rates for the fourth quarter, effective from October 1.

KEPCO announced on the 23rd that the final fuel cost adjustment rate for October to December will be applied at 0 KRW per kWh. This is an increase from -3 KRW per kWh in the third quarter.

Accordingly, for a household of four using an average of 350 kWh per month, the electricity bill is expected to increase by 1,050 KRW.