Electricity Cost in South Korea (KR)
Average electricity rate in South Korea: ₩142/kWh ($0.11 USD). Average annual bill: ₩1000. Renewable share: 9%.
💰 South Korea Electricity Cost Calculator
Cost by Usage Level in South Korea
| Monthly kWh | Monthly (₩) | Monthly (USD) | Annual (₩) |
|---|---|---|---|
| 100 kWh | ₩14200.00 | $11.00 | ₩170,400 |
| 200 kWh | ₩28400.00 | $22.00 | ₩340,800 |
| 300 kWh | ₩42600.00 | $33.00 | ₩511,200 |
| 500 kWh | ₩71000.00 | $55.00 | ₩852,000 |
| 750 kWh | ₩106500.00 | $82.50 | ₩1,278,000 |
| 1000 kWh | ₩142000.00 | $110.00 | ₩1,704,000 |
South Korea Electricity Market
Government-controlled pricing. Among lowest in OECD. Progressive rate structure. Provider: KEPCO (monopoly). Renewable energy share: 9%.
Disclaimer: Rates are approximate averages. Actual rates vary by provider, region, usage level, and time of use. Last updated 2026.
Frequently Asked Questions
Understanding electricity prices in South Korea
Electricity in South Korea is supplied by the state monopoly KEPCO at regulated rates that have historically been among the lowest in the OECD. Residential customers pay a progressive tiered tariff in which heavy users face sharply higher per-unit rates.
Because pricing is progressive, a household's marginal cost climbs steeply in summer when air conditioning pushes usage into the top tier. KEPCO has absorbed large losses as fuel import costs outpaced regulated rates, which puts upward pressure on prices.
How to lower your electricity bill in South Korea
Keep summer consumption below the upper-tier thresholds to avoid the highest rates, and use high-efficiency inverter air conditioners and heat pumps for cooling and heating.
At roughly $0.11 USD per kWh, electricity in South Korea sits below the global average of about $0.17 USD/kWh, with renewables supplying 9% of generation. A typical household bill runs around ₩1000 per year.