Tag: electricity bill

electricity bill

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An electricity meter installed near a traditional market measures the amount of electricity consumption.[YONHAP]

Startup Ministry widens electricity subsidy eligibility for small business owners

The Ministry of SMEs and Startups said Monday that it would extend the eligibility criteria for its electricity fee subsidy for small business owners, effective from the same day.

2024.7.8

Kim Hyo-jae, acting head of the Korea Communications Commission, explains to the Democratic Party lawmakers that visited the headquarters in protest of splitting the TV transmission fee from the monthly electricity bill on Wednesday. [YONHAP]

TV fees disconnected from electricity bills in public broadcasting shake-up

The Korea Communications Commission (KCC) said it was seperating the TV transmission fee as people weren’t aware that they were paying the 2,500 won on their monthly electricity bills. KBS, which relies 45% of revenue on transmission fee rebuked.

2023.7.5

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A door was installed on the open-refrigerated section of a convenience store in eastern Seoul on Tuesday. The store said it saved up to 63 percent in daily electricity fees compared to the same period a year earlier after installing the door last month. The government announced an increase in electricity rates for consumer and industrial use by 8 won ($0.01) per kilowatt hour for the second quarter on Monday.

Closing the door on fees

A door was installed to save electricity usage at a convenience store in eastern Seoul on Tuesday.

2023.5.16

An electronic board showing the real time electricity demand and supply at Kepco’s office in Seoul on Dec. 5. The government and Kepco argues that unless the legislators approve on the bill that will allow Kepco to secure necessary finance by more issuance of corporate funds, it will be forced to raise electricity bills next year. [YONHAP]

Kepco begs Assembly to let it borrow more

Without raising the limit on corporate bonds, Kepco will not be able to purchase the electricity or repay existing borrowings. This could lead to a national economic crisis with electricity supply being disrupted and the market paralyzed.

2022.12.11

Electricity supply monitor displayed at Korea Electric Power Corp's headquarters in Naju, South Jeolla. Kepco reported a near 30 trillion won operating loss accumulated in the first nine months of this year due to rising energy cost. [YONHAP]

Kepco reports operating loss of 21.8 trillion win in first nine months

The operating loss was largely due to the surge in costs, which increased 59.1 percent year-on-year to 73.6 trillion won.

2022.11.11

Power supply situation shown on a monitor at one of Kepco's office in Seoul in early August. Kepco reported a record loss in the first half due to rising cost in the first half. [YONAHP]

Kepco's operating losses snowball beyond control

Korea Electric Power Corp.’s operating loss in the first half topped 14 trillion won ($10.7 billion), a record, as the power distributor struggles with rising costs and a cap on electricity bills.

2022.8.12

Electricity meter on a building in Seoul on Monday. The government announced that it is raising utility rates, including the electricity rate, due to rising international energy prices and won falling against the dollar. [YONHAP]

Electricity rates to increase by 5 won per kilowatt-hour

Electricity rates will increase by 5 won per kilowatt hour from next month. This is the sharpest increase since a new billing system went into effect in 2021. Gas rates will also be increasing, by 1.11 won per megajoules.

2022.6.27

Electricity meter at a low-rise apartment in Seoul. [YONHAP]

Kepco's electric bill decision is delayed again

On June 16, Kepco submitted a proposal to raise electricity rates to the maximum amount, which is 3 won ($0.0023) per kilowatt hour. Kepco reported 7.8 trillion won in operating loss in the first quarter.

2022.6.20

Power meter at a low-rise apartment in Seoul in March. [NEWS1]

Kepco can't pay its own electricity bills

The Korea Electric Power Corp. (Kepco) is asking to delay its payments to power plants for electricity.

2022.4.15

Electricity bill meter at a low-rise residential neighborhood in Seoul on Monday. [YONHAP]

Second-quarter electricity rate setting postponed

The setting of electricity rates for the second quarter has been postponed as the country faces higher oil prices and the utility struggles with heavy losses.

2022.3.21