S. Korea Revises Electricity Rates For Industrial Use To Ease Burden On Companies
SEOUL, March 13 (Bernama- Yonhap) — The South Korean government on Friday revised the electricity rate system for industrial use to help ease the cost burden of corporate power consumption, Yonhap News Agency reported. Under the plan endorsed by the Electricity Regulatory Commission, the peak electricity rate for daytime will be cut by up to 16.9 won per kilowatt-hour (kWh), while the peak rate for nighttime will go up by 5.1 won per kWh, according to the Ministry of Climate, Energy and Environment. In detail, the peak daytime rate will be reduced by 16.9 won during summer and winter and […]
