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Electricity rate hike

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Steps needed to curb possible inflationary pressure

The Korea Electric Power Corp. (KEPCO) said Thursday that it plans to raise electricity prices in the fourth quarter of this year. The price increase will be 3 won ($0.0025) per kilowatt hour for the three-month period from October, with the termination of the current discount of the same amount of money, the state-run firm said. This means an average four-member household will have to pay 1,050 won more every month, following the first increase in electricity charges in eight years since November 2013.

It is not desirable to raise the electricity rate as it is closely related to the people's daily lives especially at this time when they are struggling amid the persisting COVID-19 pandemic. Yet in many senses, the hike in utility rate is........

© The Korea Times

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