South Korea to double energy vouchers amid soaring bills, cold wave

SEOUL, South Korea – South Korea plans to double energy vouchers and a discount of gas prices for underprivileged families to cope with spiraling heating bills amid a prolonged cold wave, officials said on Thursday, January 26.global surge in natural gas and heating fuel pricesMany South Korean households began to feel the impact in recent weeks after turning up the heat amid a cold spell, with monthly gas bills up 34% last month from a year ago, according to Statistics Korea.

The measures would benefit almost 1.2 million families receiving energy vouchers and around 1.6 million homes eligible for the gas discount this winter, in a country of 21.6 million households, Choi said. Many South Koreans expressed concerns over additional hikes in energy bills as freezing winter weather continued.

Bang Myung-soon, 76, who has been running a small hardware store in Seoul, said she was “shocked” by the hike in heating bills and government subsidies would not be enough.

Source: Energy Industry News (energyindustrynews.net)

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