Next month, electricity rates for the fourth quarter (October to December) will remain at their current levels.
Korea Electric Power Corporation announced on the 21st that the fuel cost adjustment price for the fourth quarter will be maintained at +5 won per kWh (kilowatt-hour). This marks the 18th consecutive quarter that the fuel cost adjustment price has remained at +5 won since the third quarter of 2022.
Electricity rates consist of basic charges, energy charges, climate and environmental charges, and fuel cost adjustment charges. Among these, the fuel cost adjustment charge is adjusted quarterly based on price fluctuations of coal, liquefied natural gas (LNG), and bunker oil over the previous three months.
The fuel cost adjustment price is applied within a range of ±5 won per kWh. Currently, the upper limit of +5 won is in effect.
For the fourth quarter, the necessary adjustment price was calculated at +7.3 won per kWh, exceeding the capped rate of +5 won. The increase in fuel prices for coal and LNG during July and August resulted in a calculated actual fuel cost of 549.64 won per kg. Consequently, the final fuel cost adjustment price was set at the capped rate of +5 won per kWh.
No separate adjustments will be made to other rate components, such as basic charges, energy charges, and climate and environmental charges, allowing the fourth quarter electricity rates to remain unchanged.
Korea Electric Power Corporation announced on the 21st that the fuel cost adjustment price for the fourth quarter will be maintained at +5 won per kWh (kilowatt-hour). This marks the 18th consecutive quarter that the fuel cost adjustment price has remained at +5 won since the third quarter of 2022.
Electricity rates consist of basic charges, energy charges, climate and environmental charges, and fuel cost adjustment charges. Among these, the fuel cost adjustment charge is adjusted quarterly based on price fluctuations of coal, liquefied natural gas (LNG), and bunker oil over the previous three months.
The fuel cost adjustment price is applied within a range of ±5 won per kWh. Currently, the upper limit of +5 won is in effect.
For the fourth quarter, the necessary adjustment price was calculated at +7.3 won per kWh, exceeding the capped rate of +5 won. The increase in fuel prices for coal and LNG during July and August resulted in a calculated actual fuel cost of 549.64 won per kg. Consequently, the final fuel cost adjustment price was set at the capped rate of +5 won per kWh.
No separate adjustments will be made to other rate components, such as basic charges, energy charges, and climate and environmental charges, allowing the fourth quarter electricity rates to remain unchanged.
* This article has been translated by AI.
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