LG U+ Signs MoU with KEPCO for Promotion of VPP Business
LG U+ Expands into Renewable Energy Business with MOU Signing with Korea Electric Power Corporation LG U+ has announced its foray into the renewable energy business with the signing of a ‘Business Cooperation Agreement (MOU) for Participation in the Renewable Energy Forecasting Market’ with Korea Electric Power Corporation (KEPCO). The agreement is in line with […]
The Shocking Electricity Bill: Monthly Consumption of 14,221 kWh Raises Controversy
Unusual Electricity Consumption Raises Concerns Residents Shocked by Exorbitant Electricity Bill for Small Villa Ganghwa-gun, Incheon – In an alarming incident, Mr. Kim, a resident of Ganghwa-gun, Incheon, was charged a staggering 11.5 million won for electricity consumption in just one month. The billed amount is equivalent to the combined usage of three convenience stores […]
[단독]”If maintenance is not done and the power plant stops…”, is the countermeasure against ‘KEPCO’s lack’ of maintenance delayed?
Money Today Sejong = Correspondent Cho Kyu-hee | 2023.05.14 17:13 Smoke plumes from a thermal power plant in Boryeong, South Chungcheong Province. 2017.5.16/Photo = News 1 Korea Electric Power Group’s power plants, which account for 70% of domestic electricity production, have been confirmed to be delaying maintenance of power generation facilities. It is part of […]
70% of electricity fund said to help the vulnerable, ‘2 trillion’ spent on renewables
A view of the solar power plant. /Reporter Kim Young-geun They found that around 70% of the power industry’s infrastructure fund (electricity fund), which is allocated to 3.7% of electricity bills, was invested in renewable energy support and research and development (research and development). Initially, the Electric Power Fund was intended to protect the socially […]
With electricity rates rising… Ruling party, ‘transfer of responsibility’ to KEPCO president
Concerns about declining public opinion, general pressure to resign From ‘nuclear power station’ to ‘management failure’ as a focus of criticism Electricity wholesale price ↓ due to stabilization of LNG price Analysis of “business normalization accelerates reset” As the time to raise electricity rates approaches, the ruling party is pressing and discussing the resignation of […]
“It’s enough to gather opinions on electricity rates”… The key is KEPCO’s additional self-rescue plan
Money Today Sejong = Correspondent Choi Min-kyung | 2023.04.23 06:07 (Seoul = News 1) Reporter Song Won-young = Second Vice Minister of Industry Park Il-joon speaking at the ‘Civil/Party/Government Meeting of Industry Related to Electricity and Gas Rate’ held at the National Assembly in Yeouido, Seoul on the morning of the 20th. 2023.4.20/News1 Copyright (C) […]
Kyong-ho Choo “The new year’s electricity and gas rate increases will be significant… Reducing the burden on vulnerable people”
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said on the 27th, “We have no choice but to raise electricity and gas rates.” He emphasized, “We will announce how much the electricity rate will be raised in the first quarter of next year.” Regarding the gas rate, “We are watching the LNG […]
KEPCO is in a deficit of 30 trillion won, but chaebol power generation companies are thriving
◀ anchor ▶ As international energy prices soar, KEPCO is expected to lose 30 trillion won this year. I’ve raised my electricity bill three times this year alone, but I can’t afford it. But even in the midst of this, chaebol power generation companies that make and sell electricity to KEPCO are enjoying the best […]
What do you do if you raise your electricity rates… High wholesale electricity prices approaching 270 won per kWh
<!– 뉴스 –> What do you do if you raise your electricity rates… High wholesale electricity prices approaching 270 won per kWh Edit 2022.10.08 07:30Enter 2022.10.08 07:30 An electricity meter is installed in a residential area in Dobong-gu, Seoul on the 30th, when KEPCO is about to announce the adjusted unit price for the fourth […]
[2022 국감] KEPCO sells ‘evacuation neutral’ real estate at a low price … estimated loss of 170 billion won
Jeong Il-young, member of the Democratic Party of Korea. [사진=아주경제DB] It was confirmed that KEPCO plans to sell real estate in the Seoul metropolitan area and Jeju won at a loss of more than 170 billion. According to the ‘Korea Electric Power Corporation Innovation Plan’ presented by Democratic Party lawmaker Jeong Il-young, who belongs to […]
