SEOUL, Oct. 26 (Korea Bizwire) – The Korea Electric Power Corporation announced Tuesday that it will spend 2.5 trillion won ($2.2 billion) to remove utility poles and move power lines and other electricity installations underground over the next two years. Although utility poles have steadily disappeared from developed neighborhoods in city areas, many still remain [...]
SEOUL, Oct. 24 (Korea Bizwire) – Recent data from the Korea Electric Power Corporation (KEPCO) showed that electricity consumption per capita for the USFK was almost ten times the average rate for the Korean military, again raising questions over excessive energy consumption by American military personnel stationed on the peninsula. According to KEPCO, electricity consumption [...]
SEOUL, Oct. 17 (Korea Bizwire) – More homes in South Korea have installed solar panels in the past few years to reduce the cost of electricity, data showed Monday. According to the data compiled by Korea Electric Power Corp. (KEPCO), some 165,449 homes had rooftop solar panels as of June this year to make up [...]
SEOUL, Sept. 30 (Korea Bizwire) – Some 670,000 households were unable to pay their electricity bill this year as of July, a report from the state energy supplier showed Friday, a tally that may increase after record summer heat is estimated to have jacked up the bill from using air conditioning. The report, submitted by [...]
SEOUL, Aug. 22 (Korea Bizwire) – August 22 is Korea’s Energy Day. First held in 2004, the day was established to raise awareness of the importance of saving energy, after August 22, 2003 marked Korea’s highest-ever day of electricity consumption. To celebrate this year’s event, cities and provinces across South Korea are promoting ‘lights-out’ events [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s electricity use hit a new record high again on Thursday as the country has been simmering in a weeks-long heat wave, the authorities said. The maximum electricity load soared to 84.49 million kilowatts as of 3 p.m., breaking the previous record of 83.7 million kilowatts set on [...]
SEOUL, Aug. 8 (Korea Bizwire) – Amid ongoing criticism of the ‘progressive electricity billing system’, under which households are charged higher electricity rates for higher electricity use, the International Energy Agency (IEA) revealed in a recent report that industrial power consumption far outweighs residential power consumption in Korea, a trend that marks a stark contrast [...]
SEOUL, Aug. 6 (Korea Bizwire) – Summer heat is scorching the peninsula, but Korean households are refraining from using air conditioning units, with widespread worry over electricity bill ‘surprises’ resulting from the national progressive electricity billing system. The system was instituted to encourage frugal energy consumption by charging higher rates for higher electricity use. But [...]
SEOUL, July 25 (Korea Bizwire) – South Korea’s electricity consumption hit a summer-time high on Monday, with fans and air conditioners running at full blast nationwide amid sweltering heat. The maximum electricity load shot up to 80.22 million kilowatts as of 3 p.m., as the temperature hovered above 30 C in most parts of the [...]
SEJONG, June 14 (Korea Bizwire) – The Korean government revealed Tuesday that it would relax regulations on the sale of electricity, which is currently monopolized by the Korea Electric Power Corporation (KEPCO). It also decided to launch IPOs for six KEPCO power generation companies, and two state-owned energy enterprises – the Korea Gas Technology Corporation (KGTC) [...]