In response to soaring fuel costs, TEPCO Holdings announced that it has applied to the Ministry of Economy, Trade and Industry for an average price increase of 29.31% for a rate plan called "regulated rate" among household electricity rates.
If the price increase is approved, it will be the first time in about 11 years since 2012 after the Great East Japan Earthquake.
According to the announcement, TEPCO Holdings applied for a price increase to the Ministry of Economy, Trade and Industry on the 23rd for a rate plan called "regulated rate", which accounts for more than half of the household electricity rate subscribers.
The main reason is that the prices of natural gas and coal used for thermal power generation are soaring, and the average price increase is 29.31%, and we aim to raise the price in June this year.
In applying for the price increase, we have factored in the restart of the Kashiwazaki-Kariwa Nuclear Power Station in Niigata Prefecture into our operating plan.
Unit 7 is expected to restart in October this year, and Unit 6 is expected to restart two years later in April 2025, which will reduce the range of price increases.
If the price increase is approved, it will be the first time in about 11 years since 2012 after the Great East Japan Earthquake.
At a press conference, President Tomoaki Kobayakawa said, ``The business environment continues to be difficult due to soaring fuel costs, and if this continues, there is a risk that the stable supply of electricity will be hindered. Although it is not possible, I have come to a difficult decision," he said.