The government and the ruling Saenuri Party have decided to create a task force to revise the country’s controversial progressive electricity billing system.

The Saenuri's chief policy-maker Kim Gwang-lim said in a party meeting at the National Assembly on Friday that the government and the party reached a consensus on the necessity of improving the system and agreed to form a 15-member joint task force to thoroughly review the scheme.

The task force is known to include Saenuri lawmakers who are members of the National Assembly’s Strategy and Finance Committee and Trade, Industry and Energy Committee as well as government officials, representatives from the state-run Korea Electric Power Corporation(KEPCO) and experts in the private sector.

The announcement comes a day after the government and the Saenuri Party agreed at an emergency meeting to adjust the progressive electricity billing system for households starting from the July to September period this year in order to alleviate the public burden to pay their power bills.