KEPCO maintains 5 won/kWh rate for Q4 2023 amid financial struggles, despite potential future rate hikes.

Korea Electric Power Corporation (KEPCO) will keep electricity rates at 5 won (US$0.003) per kilowatt-hour for Q4 2023, following three increases earlier in the year. The company faces significant financial challenges, with debts reaching 202.9 trillion won. Although KEPCO is taking steps like restructuring and property sales to address losses, the South Korean government is still considering potential rate hikes for the future.

September 23, 2024
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