KEPCO Freezes Q4 Electricity Rates: Fuel Adjustment Unit Price Maintained Amid Inflation Concerns
KEPCO has confirmed a freeze on Q4 2026 electricity tariffs, maintaining the fuel cost adjustment unit price at +5 KRW/kWh to relieve inflation pressures on consumers and industries.
Korea Electric Power Corporation (KEPCO) has officially decided to freeze electricity rates for the fourth quarter of 2026 (October–December). The fuel cost adjustment unit price remains unchanged at +5 KRW per kWh, prioritizing consumer price stability and small business relief ahead of Chuseok.
Background of the Rate Freeze and Market Impact
KEPCO announced on September 22 that the fuel cost adjustment rate for Q4 2026 will stay at the current +5 KRW per kWh. The decision reflects declining global oil prices, favorable foreign exchange stabilizing effects, and government initiatives to contain public utility inflation.
- Inflation Relief: Mitigates seasonal utility payment shocks for self-employed merchants and households following peak summer cooling expenses.
Frequently Asked Questions (FAQ)
Q1. Will electricity bill rates change in Q4 2026?
No, standard usage rates, climate-environment fees, and the fuel cost adjustment unit price (+5 KRW/kWh) are all maintained at current levels without price hikes.
Q2. Does this freeze apply to industrial and commercial electricity?
Yes, the decision to retain the current fuel cost adjustment price applies across residential, commercial, and industrial power users uniformly.