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South Korea has decided to cut household electricity bills by 276.
1 billion won (about 1.
68 billion yuan) in the summer in response to increasing public calls to ease household economic pressure
caused by heat waves, according to South Korea's Yonhap News Agency.
South Korea decided to cut household electricity bills by 1.
68 billion yuan this summer
Yonhap quoted a meeting between ruling Democratic lawmakers and government officials that the cuts are expected to reduce the electricity bill charged by state-run utility Korea Electric Power Co.
to the average household by 19.
5 percent
.
The move comes as the summer heat has sparked a public backlash
against the existing system of gradualized electricity billing for household homes.
Note: This article uses the real-time exchange rate of 1 won = 0.
006091 RMB
，
South Korea has decided to cut household electricity bills by 276.
1 billion won (about 1.
68 billion yuan) in the summer in response to increasing public calls to ease household economic pressure
caused by heat waves, according to South Korea's Yonhap News Agency.
South Korea decided to cut household electricity bills by 1.
68 billion yuan this summer
68 billion yuan this summer
Yonhap quoted a meeting between ruling Democratic lawmakers and government officials that the cuts are expected to reduce the electricity bill charged by state-run utility Korea Electric Power Co.
to the average household by 19.
5 percent
.
The move comes as the summer heat has sparked a public backlash
against the existing system of gradualized electricity billing for household homes.
Note: This article uses the real-time exchange rate of 1 won = 0.
006091 RMB
，
