The Korea Electric Power Corp. announced Friday that its board of directors has agreed to increase electricity charges by an average of 4.9 percent from as early as September, with additional hikes being considered by the end of the year.
The fee hikes, that would be implemented differently across industries, would amount to 7 percent for businesses, 3 percent for homes, 3 percent for the agricultural sector, a KEPCO board member told in an interview.
The 4.9 percent increase proposal will be reported to the Ministry of Knowledge Economy for the final approval from the government. A new pricing plan for electricity bills is expected to take effect from as early as Sept. 6, according to the ministry.
By Lee Ji-yoon
(
jylee@heraldcorp.com)
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