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» Kansai Electric raise household electricity for second times

Kansai Electric Power Co. is moving to raise household electricity rates for the second time after the 2011 Fukushima nuclear disaster to cover higher fuel costs from thermal power generation.

The utility said Dec. 17 it will apply to the industry ministry for approval to raise the household electricity rate in April after it decides on the extent of increase.

The company is expected to post a fourth consecutive loss for the year ending next March. Before the Fukushima disaster, the utility depended on nuclear power for 45 percent of the electricity it generated.

The company will also increase the rate for corporate users in April, a move that does not require government approval.

<Media Report>
Citing idled nuclear reactors, Kansai Electric eyes another price hike (Asahi Newspaper)


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