» Hokkaido Electric Power seeking addional hike of electricity price

2014/07/27

Hokkaido Electric Power Co. is considering filing for government approval next month for plans to implement an additional hike in its electricity rates for households.

Seven Japanese power suppliers — including Hokkaido Electric — have raised their rates following the nationwide nuclear reactor shutdown that followed the March 2011 triple-meltdown disaster at the Fukushima No. 1 power plant.

But Hokkaido Electric would be the first to carry out a second hike in its rates.

The company may set the size of its second hike at around 10 percent, and is aiming to implement it by the end of this year.

The company raised rates for households by an average of 7.73 percent in September last year after all three reactors at its Tomari nuclear plant were shut down, and the cost of thermal power generation began to weigh heavily on its balance sheet.
<Media Report>
Hokkaido Electric seeks approval for second hike in energy rates (Japan Times)

Tags:news, price of electricity, utilities

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