No increase in electricity rates… “I was aware of the government’s plan to raise electricity rates 5 years after nuclear denuclearization”

The Ministry of Trade, Industry and Energy reported that the National Planning and Advisory Committee needed an annual increase of 2.6% in 2017 at the start of the Moon administration.

“The cost of buying electricity will increase by 140 trillion won by 2030”
Report “Electricity rates should be increased by 40% compared to 2017”
The Moon administration is all but ignoring the Ministry of Industry’s electricity rate hike proposal
Choo Kyung-ho “KEPCO’s deficit needs to be resolved over a long period of time”

▲ Former President Moon Jae-in. Yonhap News DB

Sejong News 1″ style=”padding: 0px; margin: 0px”>A public official passes in front of the nuclear power industry policy office of the Ministry of Trade, Industry and Energy at the government complex in Sejong.  On October 20, last year, the Audit and Inspection Board demanded that the nuclear power industry policy officer and the head of the nuclear power industry policy department, who were working level officers in the Ministry of Industry at the time, get more information .  than light disciplinary action for instructing and taking action to delete data relating to Unit 1 Wolsong.  Sejong News 1

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▲ A public official passes in front of the Nuclear Power Industry Policy Office of the Ministry of Trade, Industry and Energy at the Sejong Government Complex. On October 20, last year, the Audit and Inspection Board demanded that the nuclear power industry policy officer and the head of the nuclear power industry policy department, who were working level officers in the Ministry of Industry at the time, get more information . than light disciplinary action for instructing and taking action to delete data relating to Unit 1 Wolsong.
Sejong News 1

Contrary to the words of Moon Jae-in administration officials who said there would be no increase in electricity rates despite the nuclear phase-out policy, while KEPCO is raising the electricity rate by more than 2,200 won per month (based on home of four) starting this month, the Ministry of Trade, Industry and Energy plans to plan government affairs in the early stages of the Moon Jae-in administration in 2017. The advisory committee is understood to have reported to the advisory committee, ” If the policy of denuclearization is followed, and it is expected that an increase in electricity rates will be inevitable from five years later.”

In the data reported in May of that year, the Ministry of Industry and Trade said that if nuclear power is phased out, the cost of purchasing electricity will increase by 140 trillion won by 2030, and the electricity rate should be raised 2.6 % the one. reported In other words, critics were raised that the previous government implemented an unreasonable energy conversion policy without properly informing the public about the fact that the electricity rate was rising, even though the previous government expected that the cost of buying electricity would increase significantly if the nuclear energy. phasing out was pursued.

Although the Ministry of Industry and Trade has reported a plan to increase electricity rates,
Min-min and Baek Un-gyu “There is no increase in the electricity rate”

According to the data of the National Planning Advisory Committee in June 2017, obtained by Geum-hee Yang, a member of the National Assembly Committee on Small and Medium Enterprises on the 4th, the Ministry of Trade, Industry and Energy reported. an increase in electricity rates for all uses was inevitable from 2022. it was confirmed to be

The Ministry of Trade, Industry and Energy predicted that the increase in costs would be absorbed without raising the electricity rate by using KEPCO’s excess profits from 2018 to 2020 in the plan to increase the electricity rate necessary to fulfill a promise energy government Moon Jae-in We decided that a rise in the rate is inevitable.

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From October 1st, electricity and gas prices have gone up all at once.  A citizen looks at an electricity meter installed in an office on the 30th of last month, when KEPCO announced a plan to increase electricity rates.  random news

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▲ From October 1st, electricity and gas prices have all gone up at once. A citizen looks at an electricity meter installed in an office on the 30th of last month, when KEPCO announced a plan to increase electricity rates. random news

It is said that the electricity purchase cost will increase by about 140 trillion won for 13 years from 2018 as the electricity installation capacity will decrease up to 32.4 GW by 2030 and the cheap nuclear and coal power generation will decrease. Additional electricity purchase costs are projected to occur in 2018-2020, KRW 7 trillion in 2022, and KRW 20 trillion in 2030. Accordingly, the Ministry of Industry and Trade will increase the electricity rate from KRW 109.53 per kWh in 2017 to KRW 112.38 in 2018 and KRW 115.30 in 2019. , it is expected to increase to 118.30 won in 2020, 121.38 in 2021, and 124.53 in 2022.

However, the actual electricity rate set was 108.74 won in 2018, 108.65 won in 2019, 109.80 won in 2020, 108.11 won in 2021, and 110.41 won in 2022, not keeping up with the rate of increase suggested by the Ministry of Industry.

Former Trade, Industry and Energy Minister Baek Un-gyu argued in the National Assembly in July 2017 that “the electricity rate will not increase, and even Samcheok-dong knows that fact.” At the personnel hearing earlier, he said, “I understand there won’t be much increase in electricity rates in the next five years.” In the same month, the Democratic Party and former Minister Paik emphasized to the media that “there is no increase in the electricity rate” during the party-government meeting.

Former Trade, Industry and Energy Minister Baek Un-gyu, who appeared in Daejeon Court in connection with the early closure of the Wolsong No. 1 Nuclear Power Plant, etc.  Seoul db newspaper

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▲ Former Minister of Trade, Industry and Energy Baek Un-gyu, who was present at the Daejeon Court in connection with the early closure of the Wolsong No. 1 Nuclear Power Plant, etc. Seoul db newspaper

“Wen’s government is sticking to phasing out nuclear energy.
I neglected my duties without explaining the increase in electricity rates”

Representative Yang said in a state inspection at the Ministry of Trade, Industry and Energy that day, “The Moon Jae-in administration did not properly explain the factors of the electricity rate increase because it adheres to the policy of winding down to nuclear head, and it was consistent with falsehood.” he criticized

Representative Yang continued, “In order to fulfill the promise of former President Moon Jae-in, we built the KEPCO College of Engineering, which cost more than 1.6 trillion won, and transferred the responsibility to KEPCO and the power generation company. that the bill was won 900 billion, which was greatly blown by the cancellation of the new nuclear power plant that was being built with money such as permits and licenses and site development in the original report,” he noted.

“If we had not ignored the report of the relevant ministry and increased it gradually, there would not have been any such sudden increase in electricity rates,” he said.

The photo shows Wolseong Nuclear Power Unit Unit 1 located in Yangnam-myeon, Gyeongju Gyeongju Yonhap News

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▲ The photo shows the Wolseong Nuclear Power Plant Unit 1 located in Yangnam-myeon, Gyeongju City. Gyeongju Yonhap News

KHNP applied for 900 billion and won compensation for the closure of nuclear power plants
It is likely to be filled with 1 trillion won in the electricity fund paid by the public

Korea Hydro & Nuclear Power applied for about 900 billion won to compensate for the early closure of Wolsong Unit 1 and the abandonment of the Daejin and Cheonjiwon construction projects. In the end, the loss of almost 1 trillion gained due to the closure of nuclear power plants was covered by the national tax, which is the infrastructure fund of the power industry. 3.7% of the electricity bill paid by the public goes to the Electric Power Industry Infrastructure Fund.

In June, KHNP applied to the Ministry of Trade, Industry and Energy to compensate 727.7 billion earned in costs related to the early closure of Unit 1 of the Wolseong Nuclear Power Plant. Also, in July, the board of directors voted to apply to the Ministry of Trade, Industry and Energy to compensate the cost of 6.9 billion won caused by the suspension of the Daejin Nuclear Power Plant construction project. The maintenance cost of Cheonjiwon in 2020 was estimated to be 97.9 billion won.

KEPCO, which posted an annual operating profit surplus of over 4 trillion won, turned to a deficit of more than 200 billion won in 2018, the year after the Moon Jae-in administration took a strong drive away from nuclear power. Last year’s deficit was 5,854.2 billion won, and in the first half of this year, when energy prices such as oil prices skyrocketed following the Russian invasion of Ukraine, the deficit grew to 14,917.3 billion won.

Trade, Industry and Energy Minister Lee Chang-yang said at the National Inspection Service, “We apologize for not reflecting electricity rates gradually.”

Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said at the National Supervisory Service of the Ministry of Strategy and Finance on the same day, “KEPCO’s deficit must be resolved over a long period of time.

Trade, Industry and Energy Minister Lee Chang-yang is deep in thought as he touches a blindfold while answering questions from lawmakers during the Committee on Small and Medium Enterprises for Industry, Trade and Resources audit held at the National Assembly in Yeouido, Seoul on the morning of the 4th, 2022. 10. 4 Reporter Oh Jang-hwan

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▲ Trade, Industry and Energy Minister Lee Chang-yang is lost in thought as he touches a blindfold while answering questions from lawmakers at the State Audit of the Committee on Small and Medium Enterprises for Trade, Industry and Energy held at the National Assembly in Yeouido, Seoul on the morning of the 4th, 2022. 10. 4 Reporter Oh Jang-hwan

Deputy Prime Minister Choo Kyung-ho answers at the National Assembly Deputy Prime Minister and Minister of Strategy and Finance Chu Kyung-ho answers questions from lawmakers during the National Assembly's Audit of the Ministry of Strategy and Finance held at the National Assembly on the 4th.  2022. 10. 4. Joint Reporting Group

▲ Deputy Prime Minister Choo Kyung-ho responds to the government’s audit
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho answers a question from lawmakers during an inspection of the Ministry of Strategy and Finance by the Strategy and Finance Committee held in the National Assembly on the 4th. 2022. 10. 4. Joint Reporting Group

Reporter Sejong Kang Ju-ri

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