KEPCO Posts 3.8 Trillion Won Operating Profit in Q1... Seventh Consecutive Quarterly Surplus (Update)

Surplus Driven by Stabilized Fuel Prices and Rate Adjustments
Sales Rise 4.0% to 24.2 Trillion Won

Korea Electric Power Corporation (KEPCO) recorded an operating profit of 3.8 trillion won in the first quarter of this year.

On May 13, KEPCO announced that for the first quarter of 2025, it posted sales of 24.224 trillion won, operating expenses of 20.4704 trillion won, and an operating profit of 3.7536 trillion won.

A KEPCO representative explained, "We have posted an operating profit for seven consecutive quarters, thanks to stabilized fuel prices and recent electricity rate adjustments."

Although electricity sales volume decreased by 0.5%, the unit price of electricity sales rose by 5.3% compared to the previous year, resulting in an increase of 1.0462 trillion won in electricity sales revenue.

Fuel costs for subsidiaries decreased by 1.1501 trillion won, and power purchase costs from private power generators fell by 446.1 billion won. A KEPCO official stated, "Fuel costs for subsidiaries decreased due to a reduction in coal and liquefied natural gas (LNG) generation by power generation subsidiaries, as nuclear power generation increased and fuel prices fell." The official added, "Although the amount of electricity purchased from private generators increased, power purchase costs declined due to a drop in the system marginal price (SMP)."