Market Chatter: Korea Electric Power to Keep Fuel Costs Steady in Q1 2025

MT Newswires Live

2024/12/26

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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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.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KEP","symbol_name":"韩国电力","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2494288529","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494288529","pubTimestamp":1735184647,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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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.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}