Summer electricity bill

As in previous years, intense hot and muggy weather has gripped the Korean Peninsula this summer. It is widely expected that this year will easily surpass the records for high temperatures and humidity levels. As a result, rising household electricity bills resulting from the extended use of air conditioning have become a recurring concern. In response, the government has once again this year decided to implement a summer electricity bill discount for households. Specifically, the policy expands each tier of the three-stage progressive electricity rate by 50 to 100 kilowatt-hours during July and August, effectively reducing the average household electricity bill by 15 percent or more. According to the Ministry of Trade, Industry and Energy, around 16 million households are expected to benefit from this measure. Given the spike in electricity consumption during the scorching summer months, the initiative to ease the financial burden on households has been widely welcomed. In fact, when a similar policy was implemented last year, nearly 80 percent of respondents in a public survey reactedWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times