SEOUL, June 21 (Korea Bizwire) — South Korea’s state power firm said Wednesday it will freeze electricity rates for the third quarter in a move to ease the burdens on people following two consecutive quarters of hikes. The planned freeze came as the government jacked up electricity rates by 5.3 percent for the second quarter, [...]
SEOUL, May 15 (Korea Bizwire) — South Korea will raise second-quarter electricity rates and gas prices by 5.3 percent on-year on high global energy costs and mounting losses of state utility companies, the industry ministry said Monday. The government will jack up the electricity rates for consumer and industrial use by 8 won (US$0.01) per [...]
SEOUL, April 23 (Korea Bizwire) — A month after the postponement of a decision on the second-quarter electricity rates, South Korea is still struggling with when and how much to raise utility bills due to high inflation and political burdens amid high global energy prices and the snowballing losses of state utility firms, analysts said [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea will raise first-quarter electricity rates by the largest margin in about four decades on high global energy costs and mounting losses of the state utility company, the industry ministry said Friday. The government decided to jack up the electricity rates for consumer and industrial use by 13.1 [...]
SEJONG, Sept. 30 (Korea Bizwire) — South Korea’s state power utility said Friday it will raise fourth-quarter electricity rates for consumer and industrial use amid high energy costs and mounting losses. Korea Electric Power Corp. (KEPCO) said it has decided to jack up the adjusted unit fuel cost — a key part of the country’s [...]
SEOUL, June 27 (Korea Bizwire) — South Korea said Monday it will raise electricity rates for the third quarter and natural gas prices for civilian use starting next month amid mounting inflationary pressure due to high global energy costs. The state-run power firm Korea Electric Power Corp. (KEPCO) said it will raise the adjusted unit [...]