“Kepco’s austerity management crisis in domino shutdown of small and medium-sized enterprises”
On the 17th, the Electricity Association, made up of about 10 electric industry-related organizations such as the Korea Electric Association, Korea Electric Engineers Association, and Korea Electric Engineers Association, urged the new government to implement a cost-based electricity rate system as soon as possible.
The Council of Electricity-Related Organizations issued a statement on the same day, saying, “The time has come to admit that cheap electricity rates are no longer a panacea. do,” he emphasized.
The group pointed out, “The government has raised the city gas and district heating and heat rates, which are local public utilities, all at once this year due to the sharp rise in international oil and natural gas prices, but only electricity rates are not reflecting the rate of increase in fuel costs due to inflation.” did.
He continued, “The wholesale price (SMP) purchased by KEPCO from power generation companies soared to 202.1 won per kWh (kilowatt hour) in April, but it is sold to consumers around 110 won.” We have continued to defer rate hikes,” he added.
In addition, “as international fuel prices are on the rise, countries around the world have significantly increased their electricity rates,” he said. introduced that
“As a result of maintaining an abnormal electricity rate system for reasons of inflation, KEPCO posted a loss of 7.8 trillion won in the first quarter, and the deficit is expected to reach 30 trillion won at the end of the year, which will lead to capital erosion in the near future. It is highly likely,” he said.
“This will not only affect the fate of KEPCO, the largest public company in the domestic electricity industry, but will lead to an unprecedented situation of collapse of the electricity industry ecosystem.” there,” he explained.
The Association of Electricity-Related Organizations added, “It is necessary to refrain from excessive political involvement in the electricity rate issue.”
/yunhap news
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