According to a report in South Korea "DAILYAN" on August 14, South Korea, the cost of industrial electricity has risen continuously in recent years. On the basis of last year, the industrial electricity bill was 153.7 won/kWh, which was about 46% higher than that in 2021and higher than the average electricity bill in the United States. The electricity bills of Texas and Georgia, which were launched on a large scale South Korea, were only half of South Korea; The electricity bills of Southeast Asia were only 45-65% of South Korea. Battery material enterprises are generally large consumers of electricity, and the rising electricity charges increase the cost burden, which makes them worried.

According to the report, electricity charges account for about 40% of the production cost of copper foil. Under the high electricity price, Nexilis South Korea enterprises such as SK copper foil and Lotte energy materials were forced to build their production bases in Malaysia, where the electricity bill was relatively low; POSCO lost 18.6 billion won in the second quarter of FutureM, the operating rate fell below 50%.

In spite of this, South Korea power Department still insisted on raising electricity bills. South Korea electric power commune had a cumulative loss of more than 40 trillion won last year, and its total debt increased to 200 trillion won. Only debt interest paid 4.4 trillion won. Faced with huge losses, the government also seems to have no choice. In this regard, the industry calls for that if it is inevitable to raise the electricity price, the government should consider providing support policies such as direct subsidies.