[코리아중앙데일리] Gas and electricity rates to increase on Saturday

1. https://koreajoongangdaily.joins.com/2022/09/30/business/economy/Utility-bill-electricity-gas/20220930143009118.html

Gas and electricity rates to increase on Saturday

2. (1) Electricity and gas rates are being raised, a one-two punch for households already dealing with higher food and housing costs and slowing economic growth.
(2) The price of gas used for heating and cooking will increase 15.9 percent, adding an average of 5,400 per month to the household gas bill.
(3) The government noted that raising gas prices is inevitable. Utilities are logging huge deficits as the gap between how much they pay for gas and how much they charge widens.  
3. The article says that gas and electricity prices will go up from today. Authorities concerned with this matter said that the decision to raise the rates for gas and electricity was inevitable since the import expenses on natural gases has increased by more than four times. Also, the huge deficits caused by policies that have kept gas and electricity companies from charging fees to customers were wearing thin. The uncertainties about securing enough amounts of oil and gas due to the Russo-Ukrainian war played a role in increasing gas and electricity rates. It is a glooming news to individual households for sure who are already having difficulty with managing the increased costs from inflation and economic recession.