Korea Electric Power Corporation keeps the fourth-quarter fuel cost adjustment rate at the maximum level
According to Maeil Business Newspaper, Korea Electric Power Corporation kept the fourth-quarter fuel cost adjustment rate at the maximum of 5 won per kWh, the 18th consecutive quarter at the cap since 2022 Q3, while the fourth-quarter required adjustment rate was 7.3 won per kWh. The actual rate staying at the cap amid the higher required rate increases KEPCO's financial burden, and domestic electricity rates are unlikely to rise this year.
Key facts
- 01Korea Electric Power Corporation keeps the Q4 fuel cost adjustment rate at 5 won per kWh (the maximum).
- 02This marks the 18th straight quarter at the cap since 2022 Q3.
- 03The required adjustment rate for Q4 is 7.3 won per kWh, which exceeds the cap.
- 04KePCO's financial burden is expected to rise, and electricity rate hikes this year are unlikely.
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