Electricity Rates Frozen for Fourth Quarter... Fuel Cost Adjustment Remains at "+5 Won" View original image

Electricity rates for the fourth quarter (October to December) will remain unchanged from their current levels.


Korea Electric Power Corporation announced on September 21, 2026, that it will maintain the fuel cost adjustment unit price for the fourth quarter at the current rate of 5 won per kWh.


Electricity bills are comprised of a basic charge, an energy usage charge, a climate and environment charge, and a fuel cost adjustment charge. Among these, the 'fuel cost adjustment unit price' serves as the standard for the fuel cost adjustment charge, which reflects short-term fluctuations in energy prices.


The fuel cost adjustment unit price is determined within a range of ±5 won per kWh, based on fluctuations in fuel costs for commodities such as bituminous coal and liquefied natural gas (LNG) over the most recent three months. Currently, the maximum rate of "+5 won" is being applied. Korea Electric Power Corporation has maintained this "+5 won" rate for 18 consecutive quarters since the third quarter of 2022.


The company calculated that, given recent fuel price trends, the necessary fuel cost adjustment unit price for the fourth quarter should be +7.3 won per kWh. The actual fuel cost for the fourth quarter, calculated as an average of trade statistics for bituminous coal, LNG, and bunker C oil, was 549.64 won per kilogram, which is higher than the benchmark fuel cost of 494.63 won per kilogram after deductions. Consequently, the variable fuel cost was calculated to be 55.01 won per kilogram, but the actual fuel cost adjustment was set at the ceiling of +5 won per kWh due to the cap.



With the fuel cost adjustment charge remaining unchanged and no increases planned for the basic charge, energy usage charge, or climate and environment charge at this time, electricity rates for the fourth quarter will remain frozen.


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