South Korea electricity prices
The residential electricity price in South Korea is
KRW 172.360 per kWh or USD 0.131.
The electricity price for businesses is
KRW 151.898 kWh or
USD 0.115.
These retail prices were collected in December 2023 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare South Korea with 150 other countries.
Historical quarterly data, along with the latest update from June 2024 are available for download.
Sources: Korea Electric Power Corporation (KEPCO), Korea Electricity Regulatory Commission
Electricity price analysis for South Korea
- Residential electricity prices in South Korea are 83.72% of the world average electricity price and 161.79% of the average price in Asia.
- Business electricity rates in South Korea are 74.60% of the world average price and 107.44% of the average in Asia.
- Household rates are 113.47% of the business rates.
- Electricity prices paid by small businesses in South Korea are 106.99% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 63.06% of the price paid by households with high electricity consumption.
- Fossil fuels: 0.00%
- Wind: 0.00%
- Solar: 0.00%
- Hydro: 0.00%
- Nuclear: 0.00%
- Geothermal: 0.00%
