KEPCO Offers 10% Subsidy on Product Price for Purchasing High-Efficiency Appliances

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Electric Power Corporation (KEPCO) announced on the 14th that it will implement the 'High-Efficiency Home Appliance Purchase Cost Support Project,' which provides 10% of the purchase price when purchasing energy-efficient home appliances, starting from the 23rd.

The support targets KEPCO welfare discount households, which are socially vulnerable groups, with a project budget of 70 billion KRW. Welfare discount households include persons with disabilities (grades 1 to 3), national and war veterans (grades 1 to 3), independence activists, basic livelihood security recipients, near-poverty groups, social welfare facilities, families with three or more children, families with children under three years old, large families (five or more members), and households using life-support devices.

Eligibility can be confirmed via the electricity bill or KEPCO's High-Efficiency Home Appliance Purchase Cost Support application website.

Eligible recipients can receive support of 10% of the purchase cost, up to 300,000 KRW per household, for the highest efficiency grade products purchased after the 23rd among the supported items available on the market. During the support period, applicants can apply on the support fund application website by preparing the efficiency grade label and manufacturer serial number plate of the purchased product, transaction details, and receipt from purchases made at online or offline stores.

A KEPCO official stated, "Through the High-Efficiency Home Appliance Purchase Support Project, we will contribute to energy welfare for socially vulnerable groups," adding, "We also expect to achieve an energy-saving effect of 70 GWh, equivalent to the annual electricity consumption of approximately 24,000 households."

This content was produced with the assistance of AI translation services.