[Breaking News] Electricity Rate for Q2 This Year -3.0 KRW per kWh... Negative Following Q1
![[Breaking News] Electricity Rate for Q2 This Year -3.0 KRW per kWh... Negative Following Q1](http://www.asiae.co.kr/news/img_view.htm?img=2020120409454047289_1607042740.png)
The government and Korea Electric Power Corporation (KEPCO) have decided not to raise electricity rates for the second quarter (April to June). Although electricity rates were initially expected to increase due to rising international oil prices, this measure aims to stabilize the lives of citizens struggling amid the prolonged COVID-19 pandemic.
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On the 22nd, KEPCO announced that the fuel cost adjustment rate for the second quarter of this year has been set at -3.0 KRW per kWh, continuing from the first quarter. This is the second adjustment since the introduction of the cost-linked tariff system (fuel cost linkage system) implemented earlier this year.
This content was produced with the assistance of AI translation services.
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