Korea Electric Power (KRX:015760) will maintain the adjusted fuel cost at 5 won per kilowatt-hour in the first quarter of 2025, unchanged since the third quarter of 2022, Yonhap News reported Monday.
In October, the state-owned power company raised electricity rates for industrial use by 9.7%, while household rates remained static. Despite a third-quarter net profit of 1.87 trillion won, boosted by rate hikes and easing energy prices, the firm faces a cumulative loss of 43 trillion won from 2021-2023 due to insufficient price adjustments amid soaring fuel costs, the report said.
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