The electricity prices for July of the 10 major electric power companies have risen at 4 companies due to the soaring fuel prices of thermal power generation, which is the highest level in the past 5 years that can be compared.
According to the announcements of major electric power companies, electricity prices for July will increase in 4 out of 10 companies.
Due to the soaring prices of LNG = liquefied natural gas and coal, which are fuels for thermal power generation, against the backdrop of Russia's invasion of Ukraine, the electricity prices of the 10 companies are at the highest level in the past five years that can be compared.
Compared to June, the price increase of each company is
▽ TEPCO is the largest, and the electricity rate will increase by 306 yen to 8871 yen for the average household.
Next,
▽ Hokkaido Electric Power will increase by 299 yen to 8763 yen,
▽ Chubu Electric Power will increase by 260 yen to 8516 yen, and
▽ Kyushu Electric Power will increase by 18 yen to 7721 yen.
Depending on the contract, there is an upper limit on how much the increase in fuel price can be passed on to the retail price so that the burden on the user does not become too great for electricity charges.
So far, Hokuriku Electric Power, Kansai Electric Power, Chugoku Electric Power, Shikoku Electric Power, Okinawa Electric Power, and Tohoku Electric Power have reached the upper limit, but from July, Kyushu Electric Power has also reached this upper limit.
July gas prices increase at all four major companies
In addition, the gas price for July will also increase at all four major gas companies due to the soaring price of LNG = liquefied natural gas.
Looking at the price increase compared to June in households with average usage,
▽ Toho Gas increased by 158 yen to 7135 yen,
▽ Osaka Gas increased by 152 yen to 6512 yen,
▽ Saibu Gas increased by 119 yen. 6659 yen,
▽ Tokyo Gas has increased by 78 yen to 5886 yen.
Gas prices have risen for 11 consecutive months for all four companies.