Korea Electric Power Corporation (KEPCO) holds about 90 percent of Korea’s electricity supply. The South Korean government owns about half of KEPCO. The country has taken its first steps toward partial liberalization as it opens its electricity generation market to private companies.
The electricity bill is composed of basic charge and energy charge. Both depend on the amount of electricity consumed during the billing period as they are divided into three consumption levels: 0-200 kWh, 201-400 kWh, above 400 per month. In both charges, every following level has a higher price.