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공공요금체계의 소득재분배효과(The redistributional effect of electricity pricing) : 전력산업의 경우

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  • 공공요금체계의 소득재분배효과(The redistributional effect of electricity pricing)
  • 유정숙; 임소영
  • 한국조세연구원


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Title 공공요금체계의 소득재분배효과(The redistributional effect of electricity pricing)
Similar Titles
Sub Title

전력산업의 경우

Material Type Reports
Author(Korean)

유정숙; 임소영

Publisher

서울:한국조세연구원

Date 2012-12
Pages 149
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Energy
Holding 한국조세연구원

Abstract

Korea implements electricity block pricing not only to control demand but also to redistribute income. Block pricing has been commonly used for utilities that public enterprises produce. As low income households under block pricing pay averagely low price, block pricing has been considered an appropriate way to assist the poor. Though direct subsidy to low income households is more effective to enhance welfare, many countries implement block pricing to achieve fairness and cost recovery.
Recently, the low cost-recovery rate of the monopolistic public enterprise producing electricity in Korea has pushed the enterprise to increase electricity retail prices. This has caused controversies in what is the right way to price electricity, what is the adequate price level, and how to modify the complicated block pricing whose 6th block price is 11 times higher than the first block. Thus, we evaluate the current block pricing and alternative price structures, in order to find the best pricing structure.
Establishing 9 scenarios suggested by the various organizations, we analyze the effect of the alternative block pricing on the consumption and expense by household income deciles. Furthermore, to evaluate the redistribution effect of block pricing, we analyze the welfare change by household income deciles and the changes in the overall social welfare as well as the degree of inequality. (The rest omitted)