Daejeon City Gas Consumer Rates '10% Reduction'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 4th that it will reduce the local city gas consumer rates by an average of 10.2% compared to June of last year.

City gas consumer rates are determined by combining the wholesale rates announced monthly by the Minister of Trade, Industry and Energy and the retail supply costs decided and announced annually by city and provincial gas companies.

This year, there were factors for rate increases such as rising labor costs due to the minimum wage increase and increased investment costs for customer service improvements.

However, the city actively reduced six items of residential and general use rates among the 15 city gas rates by usage, focusing on alleviating the city gas rate burden on low-income households and small business owners.

In addition, the retail supply cost was reduced by an average of 0.16% through adjustments of other expenses excluding the essential expenses of city gas companies.

Heo Tae-jeong, Mayor of Daejeon, said, “The reduction of city gas consumer rates was made to ease the burden on low-income households struggling due to COVID-19 and to stabilize prices,” adding, “The city will make further efforts to stably manage all public utility rates starting with the reduction of city gas rates.”

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