Korean Electric Power Corp (KEPCO) Residential Energy Cashback — reference calculator. 3%+ monthly YoY reduction earns 30–100 KRW/kWh under 2024 revised rates.
| Operator | Korea Electric Power Corporation (KEPCO) |
| Legal basis | Korean Electric Utility Act §16 — KEPCO 'Residential Energy Cashback Operational Rules' |
| Effective | Launched Jul 2022; expanded with tiered rates in Jan 2024 |
| Eligible | Korean residential electricity contract households (low/high-voltage, individual or bulk billing) |
| How to apply | KEPCO Energy Cashback portal (en.kepco.co.kr) or mobile app |
| Criteria | YoY monthly reduction ≥ 3% AND below Korean peer-household average |
| Payout | (1) Direct cash or (2) next-bill credit; semi-annual settlement |
| Stacking | May be limited with other Korean household-saving programs |
| 3% – <5% | 30 KRW/kWh |
| 5% – <10% | 50 KRW/kWh |
| 10% – <20% | 70 KRW/kWh |
| 20% – <30% | 90 KRW/kWh |
| 30% or more | 100 KRW/kWh (maximum) |
| Under 3% or increase | No cashback |
| 400kWh → 350kWh | 50 kWh saved, 12.5% → 50 × 70 = 3,500 KRW |
| 300kWh → 240kWh | 60 kWh saved, 20% → 60 × 90 = 5,400 KRW |
| 500kWh → 500kWh | No savings → no cashback |
| 400kWh → 250kWh (37.5%) | 150 × 100 = 15,000 KRW (top rate) |
| Summer | AC at 26–28°C, use fans, cut standby loads |
| Winter | Indoor 18–20°C, layers, set away mode when out |
| Lighting | Switch to LED (50–60% savings over fluorescent) |
| Appliances | Fill fridge to under 60%, turn off TV/PC when idle |
| Peak hours | Avoid 2–5 PM peak period |
Rates and tier cutoffs are reviewed by KEPCO periodically. Always check the Korean KEPCO notice.
This is a South Korea–only summary of KEPCO's Residential Energy Cashback Operational Rules (expanded January 2024). Actual cashback depends on Korea's KEPCO official determination (YoY comparison, peer-household average, seasonal/regional adjustments, meter-reading cycles). This calculator gives a simplified estimate from user inputs; the final amount is confirmed only via KEPCO's official portal (en.kepco.co.kr). Rates and policy terms may change with KEPCO notice updates. This service is not affiliated with or endorsed by KEPCO or the Korean Ministry of Trade, Industry and Energy.
Korea's Residential Energy Cashback is a demand-response incentive operated by the Korea Electric Power Corporation (KEPCO) under the Korean Electric Utility Act §16. Launched in July 2022 and expanded in January 2024 with tiered rates, the program pays Korean households 30–100 KRW/kWh for year-over-year monthly reductions of 3% or more (provided usage is also below the Korean peer-household average). Tiers: 3–5% at 30, 5–10% at 50, 10–20% at 70, 20–30% at 90, and 30%+ at 100 KRW/kWh. Semi-annual settlement, with cash or next-bill credit options. Apply via the KEPCO Energy Cashback portal (en.kepco.co.kr) or mobile app using your Korean KEPCO customer number.
If you moved within the past 6 months and no prior-year data exists, Korea's KEPCO uses a peer-household average, so the actual determination may differ from a direct YoY calculation.
Yes. High-voltage bulk-billed Korean apartments can apply via 'management office bulk' method; savings may be allocated complex-wide or per household depending on the management policy.
100 KRW × kWh saved, when reduction reaches 30% or more. E.g., 500 → 350 kWh (30% reduction, 150 kWh saved) = 15,000 KRW.
Generally independent, but double-incentive on the same reduction may be restricted. Check Korea's KEPCO notice for overlap with regional/public-enterprise programs.
(1) reduction under 3%, (2) usage exceeds Korean peer-household average, or (3) customer-number/application error. Check details in the KEPCO portal.
South Korea's Residential Energy Cashback is a household electricity demand-response incentive operated by the Korea Electric Power Corporation (KEPCO) under the Korean Electric Utility Act §16. Launched July 2022 and expanded in January 2024 with tiered rates, the program rewards Korean households with 30–100 KRW per kWh saved when monthly usage drops 3% or more year-over-year and remains below Korea's peer-household average. Rate tiers are: 3–5% → 30, 5–10% → 50, 10–20% → 70, 20–30% → 90, and 30%+ → 100 KRW/kWh. Settlement is semi-annual, and payout is by direct cash or next-bill credit. Korean residents apply via the KEPCO Energy Cashback portal (en.kepco.co.kr) or the mobile app by verifying their Korean KEPCO customer number, and may choose 'individual household' (low-voltage) or 'bulk management office' (high-voltage apartments). New Korean move-ins within 6 months are compared to Korean peer-household averages. Other Korean household-saving programs may have overlap restrictions. KEPCO periodically revises rates and tier cutoffs, so always confirm the Korean KEPCO notice before relying on estimates. This calculator provides a simplified reference from user inputs; the final payout is confirmed by KEPCO's official determination with seasonal, regional, and peer-household adjustments. Applies to residential electricity contract holders in the Republic of Korea.