This is the lowest rate among the OECD member countries … Industrial use is moderate (KEPCO)



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Higher prices of industrial electricity "cry" … "Achievement" vs "deterioration of cost competitiveness"

Korean home electricity rates are among the lowest in OECD member countries and industrial electricity rates are moderate.
Kim Jong-gap, the president of Korea Electric Power Co., stressed the need to raise the price of electricity for tofu factories, and it is worth noting that the franchise level of the countries Advanced will affect the discussion on the reorganization of tariffs of the Ministry of Industry and Trade.

According to the energy industry, according to the report on international prices of industrial and domestic energy published by the Ministry of Industry and Energy ( BEIS), the price of electricity for households was 8.47 pence per kWh (about 125 won)

It is about the same level as Canada (8.46 pence), the lowest of the 28 member countries of the OECD.

Norway, which was the lowest at 7.74 pence in 2016, surpbaded Korea at 8.76 pence last year.

Germany is the country with the highest electricity tariffs for households, reaching 26.68 pence, more than three times that of Korea. Denmark was followed by 24.45 pence (from 2016). With the exception of the Euro countries, Australia (18.41 pence) was the most expensive.

Neighbors in Japan were 16.55 pence (as of 2016), and the United States was slightly higher than the country at 10.01 pence.

For controversial electricity tariffs, Korea was 7.65 pence per kWh (about 113 won), similar to the median of OECD member countries (7.62 pence) . Compared to other countries, it is relatively higher than the domestic electricity rate.

Nordic countries with new and renewed active energy sources such as Norway (2.83 pence), Sweden (4.46 pence · 2016) and Finland (5.65 pence) Hungary ( 6.77 pence) and Turkey (5.76 pence) were lower than our country.

Italy is the most expensive country, reaching 13.69 pence (2016), double the level of our country.

Japan is the most expensive country out of the euro zone with 11.19 pence (in 2016).

An industry official said, "The household electricity rate in Korea is the lowest in the world for many years and the rate of industrial electricity is generally low." As a result, distortions in the consumption of electricity take place. "He said.

However, the steel, refining and semiconductor industries oppose the perception that industrial costs are likely to undermine global competitiveness as tariff increases electricity leads to increased costs.

Kang Jong-keum, president of KEPCO, said in an article published on Facebook on "The worries of tofu factories" on the 1st, "Now, the price of tofu is cheaper than the price of soybeans". And that it is not easy to argue.

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(Seoul = Yonhap News)

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