한전 에너지 캐시백 신청 방법

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Summary of 2024 residential energy cashback application and payment standards
January 8, 2024 by dudo2
Home Energy Cashback Thumbnail
Are you curious about home energy cashback?

KEPCO Energy Cashback helps reduce living expenses by allowing you to receive cashback for the amount of electricity you save.

Please check the KEPCO residential energy cashback application method and payment standards right now to receive good benefits.

order of writing

한전 에너지 캐시백 신청 방법

1. KEPCO residential energy cashback
2.Cashback payment criteria
3. Cashback payment method and application period
4. Who to apply and how to apply
5. Home energy cashback Q&A
6. Tips for reducing electricity bills in daily life
1. KEPCO residential energy cashback
All electrical appliances required for daily life are charged an electricity fee to each household based on the amount of electricity used. However, in this era of high inflation, many people are worried as electricity bills continue to rise, increasing the cost of living.

With KEPCO Energy Cashback, if electricity users living at home reduce their electricity usage by a certain level compared to the past, they can receive cashback equivalent to the savings. Energy cashback lowers your electricity bills and helps you develop habits to save electricity, which has a positive effect on global warming.

Apartment complex energy cashback was implemented until 2023, but from 2024, apartment complex energy cashback will end and will not be implemented. Please note that starting from 2024, only residential energy cash will be provided.

2.Cashback payment criteria
With electricity rates increasing as of January 1, 2024, household electricity bills have increased by an average of 22%. You can see that this is the largest increase in electricity rates since 2008.

Before looking into the energy cashback payment standards, let’s first look at the standards by which electricity bills are calculated. Electricity fees are charged based on the base rate and the amount of electricity. The electricity fee per 1kw for home use is as follows.

Usage range Basic rate (KRW/unit) Electricity rate (KRW/kWh)
Below 300kWh 910 120.0
301~450kWh 1,600 214.6
Over 450 kWh 7,300 307.3
For households using 300kWh or less, the electricity bill per 1kw is 120.0 won, and for homes using 301 to 450kWh, the electricity bill per 1kw is 214.6 won. Also, for households using more than 450 kWh, the electricity bill per 1 kWh is 307.3 won.

To put it simply, for a household using 300 kWh, if you add the base rate of 910 won and the electricity rate of 36,000 won (300 kWh x 120.0 won), the electricity bill used for one month is 37,910 won.

Payment criteria
KEPCO’s electricity bill cashback payment standard will be applied from January 2024, and if the consumption is reduced by more than 3% compared to the average usage in the same period over the previous two years, 30 to 100 won per 1 kWh will be paid differentially depending on the savings rate range. At this time, the savings rate is paid out at a limit of 30%.

savings rate
Section 3% or more
~Less than 5% More than 5%
~Less than 10% More than 10%
~Less than 20% More than 20%
~30% or less
Unit price 30 won/kWh 60 won/kWh 80 won/kWh 100 won/kWh
The amount of savings is calculated as ‘(current usage – past average usage) = amount of savings’.
This payment example is based on a customer whose average usage for the previous two years was 332 kWh. If the average usage is 332 kWh and a reduction of 33% (saving amount of 110 kWh) is achieved, cashback will be paid based on the 30% reduction limit (saving amount of 100 kWh).

Savings Rate Savings (kWh) Cashback
4% 14 420 won (14kWh x 30 won/kWh)
7% 24 1,440 won (24kWh x 60 won/kWh)
11% 37 KRW 2,960 (37 kWh x KRW 80/kWh)
22% 74 7,400 won (74kWh x 100 won/kWh)
33% 110(100*) KRW 10,000 (100kWh x KRW 100/kWh)
3. Cashback payment method and application period
Payment method
Energy cashback was previously paid in cash, but the payment method has changed from the second half of 2023. For the residential energy cashback payment method, the energy cashback amount calculated every month by Korea Electric Power Corporation is deducted and reflected in the next month’s electricity bill.

One thing to keep in mind at this time is that if the applicant’s address changes due to moving, etc., you must reapply for residential energy cashback based on the changed resident registration address. If you reapply due to moving, etc., cashback calculated at your previous address will be excluded from payment.

When to apply
Cashback for residential energy cashback is calculated starting from the month including the application date. In this case, the application date refers to the date of applying for energy cashback, not the first to last day of the calendar.

KEPCO cashback calculation is completed about a week after the next month’s meter reading date. To put it simply, January 17th is the meter reading date, and if you succeed in reducing electricity consumption in February, your electricity usage for February will be from January 17th to February 16th. At this time, the calculation date for residential energy cashback will take about a week from March 17th, and the fee reflection period will be reflected in the electricity bill for March.

4. Who to apply and how to apply
Home Energy Cashback 1
Who to apply for
You can apply for KEPCO Energy Cashback if you use electricity for residential purposes, but some people are excluded from participation.

Exclusions from participation include those in apartments where electricity bills are included in the management fee and where information on the amount of electricity used is not submitted; those who do not have data on the amount of electricity used for the same month in the previous year due to new electricity use; and those who use other energy conservation measures implemented by KEPCO. It is difficult to apply for residential energy cashback if you have participated in the program.

How to apply
Applying for electricity bill cashback is simple. Members registered as residents at the application address can apply online or by visiting KEPCO offices nationwide.

1. How to apply online
① Go to the ‘Home Energy Cashback’ website, sign up as a member, log in, and apply for energy cashback.

Go to KEPCO Residential Energy Cashback website
②You can apply by contacting KEPCO Customer Center (☏123) and receiving the application route via text message.

③You can search for ‘KEPCO ON’ and access the website to apply.

2. How to apply for visit
You can apply by visiting the nearest KEPCO office. At this time, you must bring identification (driver’s license, resident registration card, etc.) to verify your identity.

5. Home energy cashback Q&A
Q. When calculating KEPCO Energy Cashback, why is there a 30% savings rate limit?
A. To prevent excessive energy cashback payments in cases where the savings rate is much higher than average, such as during travel or long-term business trips, we have set a savings rate limit by considering the level of power usage that can be reduced.

Q. Is it possible to apply for energy cashback on behalf of a parent who does not live at the same address?
A. If the address on your resident registration is different, it is difficult to apply online even if you are a family member. In this case, you can fill out a power of attorney on the application form and visit the KEPCO branch office to apply.

Q. Is it possible to participate in the eco-mileage, carbon point system, etc.?
A. You can participate in overlapping projects operated by other organizations. However, if you are participating in other behavior change projects implemented by Korea Electric Power Corporation, you cannot participate in duplicates.

Summary of Carbon Neutral Point Energy Participation Methods and Incentives
Q. If I am a welfare discount customer, can I apply for home energy cashback?
A. Welfare discount customers can also participate in KEPCO Energy Cashback if they are registered as residents at the application address.

Q. Are there any disadvantages if I am not successful in saving energy after participating in the residential energy cashback project?
A. You can rest assured that there will be no disadvantage at all even if there are no energy savings due to increased electricity usage than average.

Q. If I move, how is my past energy usage calculated?
A. It is assumed that the newly moved house uses the same electricity and has the same living environment, so the amount of energy used will be similar, and is calculated using the previous resident’s consumption.

6. Tips for reducing electricity bills in daily life
Tips for reducing electricity bills in daily life are easy and simple to follow. Check out these tips for saving electricity bills and make them a habit to increase your energy saving rate.

Cut off standby power by unplugging unused electrical devices such as TVs, chargers, and computers.
In the summer, set the indoor temperature of the air conditioner to 26 degrees, and clean the air conditioner filter once every two weeks.
Replace fluorescent lights or light bulbs with LED lights.
Instead of electric heating, which consumes high power, use electric blankets or electric blankets.
Use lighting only when necessary, and turn off unnecessary lights.
Reduce your shower time.
Laundry is done by collecting all the laundry at once.
Wash in cold water rather than hot water, and spin briefly.
Use the refrigerator by filling the refrigerator compartment 70% and filling the freezer compartment 100%.
When purchasing home appliances, purchase grade 1 products with a high energy efficiency rating.
So far, we have learned about KEPCO Energy Cashback. Participation in energy cashback for apartment complexes has ended in 2024, but if you live in a house, we encourage you to participate in residential energy cashback and receive a deduction from your electricity bill equal to the energy savings rate.

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