Vietnam's Ministry of Industry and Trade is researching Time-of-Use (TOU) electricity pricing for households to manage demand, reduce investment in new power sources amid rapid consumption growth. Experts believe TOU better reflects costs and can shift usage away from peak hours.
South Korea's Minister of Climate, Energy, and Environment, Kim Sung-hwan, announced plans to reveal a regional differentiated electricity pricing system soon, considering factors like local power self-sufficiency and transmission costs. He also indicated a review of reintroducing a cap on wholesale electricity prices (SMP) to manage energy costs.
The UK government is planning a major overhaul of its electricity pricing system to decouple power costs from gas prices. The reform aims to increase the role of cheaper renewables, though experts warn of short-term volatility and complexities regarding regional pricing.
