Electricity price · 2023-05
Electricity price in South Korea
A typical household in South Korea pays about ₩214.6 per kWh (≈ $0.155), KEPCO residential low-voltage (주택용 저압), second tier (201–400 kWh/month) energy charge, excl. climate and fuel adjustments, VAT and fund. That is 21 of 44 countries from cheapest, 12% below the world median of $0.176.
What a monthly bill looks like
Energy charges only, before fixed charges and taxes. Multiply your monthly kWh by the rate, or use a calculator below with the rate pre-filled.
| Monthly usage | Local currency | USD |
|---|---|---|
| 100 kWh | ₩21,460 | $15.52 |
| 250 kWh | ₩53,650 | $38.8 |
| 500 kWh | ₩107,300 | $77.6 |
South Korea uses a step (slab) tariff: the first block of units each month is cheaper and later blocks cost more. The figure above is the rate a typical household pays; the marginal price of your next kilowatt-hour can be higher.
How South Korea compares
- United States: $0.184/kWh (19% more)
- United Kingdom: $0.359/kWh (131% more)
- Germany: $0.452/kWh (191% more)
- India: $0.058/kWh (63% less)
- Bangladesh: $0.074/kWh (52% less)
Nearby in East Asia
Calculate with this rate
- Electricity cost of an appliance at ₩214.6/kWh
- Appliance running cost at ₩214.6/kWh
- EV charging cost at ₩214.6/kWh
- Air conditioner running cost at ₩214.6/kWh
Source and confidence
Approximate · Korea Electric Power Corporation residential tariff (schedule unchanged for households since 16 May 2023), as reproduced by Korean bill calculators, effective 2023-05. Energy charges (won/kWh): ≤200 kWh 120.0; 201–400 214.6; >400 307.3 (summer thresholds 300/450); basic charge 910/1,600/7,300 won; plus climate-environment charge 9 won and fuel-cost adjustment 5 won per kWh, 10% VAT and 3.7% power-industry fund. KEPCO official pages returned legacy tables (2013 six-tier, or the pre-May-2023 112.0/206.6/299.3 schedule), so the current values are from secondary reproductions. Re-verified 2026-09-18: source URL returns HTTP 200. KEPCO official page reachable (HTTP 200) but serves legacy tables to automated clients; value held as approximate from secondary reproductions. Rates change; if your bill shows a different unit price, enter that instead — every calculator accepts your own rate.