Market Chatter: Korea Electric Power to Freeze Fuel Cost Adjustment for Q4

MT Newswires Live09-22

South Korea's state-run Korea Electric Power (KRX:015760) will keep the adjusted unit fuel cost unchanged at the highest threshold of 5 won per kilowatt-hour for the October-December period, extending a freeze in place since the third quarter of 2022.

Although lower global fuel prices indicated a slash of 12.1 won, the government instructed Korea Electric Power to maintain the level to improve its finances. Industrial electricity rates were raised 9.7% in October 2024, but household and small business rates remain steady, Yonhap News reported Monday.

Shares of Korea Electric Power rose nearly 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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