South Korea's state-run Korea Electric Power (KRX:015760) plans to keep its electricity rates unchanged at a maximum level of 5 won per kilowatt-hour (kWh) for the July-September quarter, according to a Monday release.
KEPCO has kept the adjusted fuel cost steady at 5 won since Q3 2022, according to Yonhap News, the same day.
The fuel cost adjustment rate for the third quarter was supposed to be lowered by 3.4 won per kWh, but was kept unchanged after the South Korean government announced that the current electricity rates would be kept steady to lower the effect of higher electricity rates on public livelihoods.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments