South Korea electricity prices
The residential electricity price in South Korea is
KRW 172.310 per kWh or USD 0.131.
The electricity price for businesses is
KRW 138.914 kWh or
USD 0.106.
These retail prices were collected in June 2024 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 December 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 86.57% of the world average electricity price and 156.07% of the average price in Asia.
- Business electricity rates in South Korea are 70.89% of the world average price and 97.39% of the average in Asia.
- Household rates are 124.04% of the business rates.
- Electricity prices paid by small businesses in South Korea are 109.02% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 59.94% of the price paid by households with high electricity consumption.
The energy mix of South Korea
Based on the United States Energy Information Adminstration data from 2022, electricity in South Korea is produced from the following sources: fossil fuels 0.00%,
wind 0.00%,
solar 0.00%,
hydro 0.00%,
nuclear 0.00%, and
geothermal 0.00%.
You can also compare the energy mix of South Korea to other countries.
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