KEPCO’s ‘Residential Energy Cashback’ Program Surpasses 1.66 Million Households, 52.2 Billion Won in Electricity Bills Deducted

337 GWh of Electricity Saved

Targeting 2 Million Participating Households This Year

The number of households participating in the “Residential Energy Cashback” program operated by Korea Electric Power Corporation (KEPCO) has surpassed 1.66 million. This is the largest scale since the launch of the program, reflecting the rapid spread of voluntary electricity-saving efforts among the public.

On March 4, KEPCO announced that, as of last year, the number of households participating in the Residential Energy Cashback program reached 1.66 million within just four years of its introduction. The amount of electricity saved last year was 337 GWh, which is equivalent to the annual electricity consumption of all households in Chungju City.

The Energy Cashback program, introduced in 2022, offers a cashback deduction on the next month’s electricity bill, ranging from 30 won to up to 100 won per 1 kWh saved, if households reduce their monthly power consumption by at least 3% compared to the average usage for the same month over the previous two years.

The program has also achieved significant greenhouse gas reduction effects. It is estimated to have reduced carbon emissions by about 150,000 tons, which is equivalent to planting approximately 23 million pine trees.

KEPCO has so far provided a total of 52.2 billion won in electricity bill deductions to households that successfully reduced their consumption, with the average annual economic benefit per household estimated at about 49,000 won. In terms of power demand management, the program has been praised for improving the efficiency of power system operations—by minimizing the construction of power grids and reducing the burden of power purchase costs.

According to KEPCO, the program has established itself as a leading energy-saving model that contributes to carbon neutrality by encouraging energy-saving practices in daily life, based on a shift in public perception of energy consumption.

A key factor behind these results has been the strengthening of digital-based services. KEPCO enables consumers to set monthly usage targets and receive notifications when they exceed them. Through the “Smart e-Report,” users can check real-time usage and cashback payment details, and there is also a bulletin board for sharing energy-saving tips.

In response to growing instability in the global energy market—such as escalating military tensions in the Middle East—KEPCO plans to further expand nationwide participation in energy-saving efforts. This year, the company aims to increase the number of participating households to two million, while also enhancing customer convenience features, such as monthly usage prediction services utilizing artificial intelligence (AI).

Anyone with a resident registration at their address can apply for the Energy Cashback program online or through a KEPCO branch office.

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