Differentiated electricity pricing gains traction but raises regional concerns

South Korea’s plan to introduce regionally differentiated electricity prices is raising concerns that inland provinces and public utilities in the greater Seoul area could face higher power costs, as the government pushes ahead with reforms to ease regional imbalances in energy supply. The proposal centers on offering cheaper electricity to areas near major power generation facilities to encourage industries to relocate from the capital region to provincial areas. Many of these regions have beco

By The Korea Herald