President Lee: “If there is no price burden, we need to adjust household electricity rates.”
⚡ Quick Summary
President Lee Jae-myung said on the 13th, “If there is no price burden or people’s income problem, we are in a situation where household electricity rates must be adjusted.” It revealed that there is a need to reform the household electricity rate system, which is applied equally regardless of day and night.
President Lee Jae-myung said on the 13th, “If there is no price burden or people’s income problem, we are in a situation where household electricity rates must be adjusted.” It revealed that there is a need to reform the household electricity rate system, which is applied equally regardless of day and night. At the National Finance Strategy Meeting held at the Blue House guesthouse this afternoon, President Lee said, “The electricity rate system needs to be changed.” He asked, “They say a flexible rate system means charging electricity cheaper during times when electricity is surplus and more expensive during times when power appears to be insufficient during peak times. Is the Ministry of Climate, Energy and Environment preparing for this?” In response, Climate Minister Kim Seong-hwan responded, “We changed the time-based rate system early this year,” but said that the existing system for household electricity rates is maintained. When President Lee asked, “Ultimately, will we have to expand to home use later?” Minister Kim said, “Yes, it is a plan that should start from Jeju Island and expand nationwide.” Minister Kim continued, “The global trend is that industrial electricity rates are usually cheaper and household electricity rates are higher,” and “Because companies compete internationally,
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