The financial results of the 10 major electric power companies from April to December last year have been released, and while fuel costs continue to remain high, 9 of the 10 companies ended up in the red.
Many electric power companies have applied to the government to raise the price of a rate plan called ``regulated rate'' for homes with many subscribers, and it is expected that the price will be raised as early as April this year.
The financial results of the entire group from April to December last year announced by the 10 major electric power companies by the 3rd showed that the final profit and loss was the largest deficit in the history of Tokyo Electric Power Company Holdings, 650.9 billion yen, and Hokkaido Electric Power Co. , Tohoku Electric Power, Chubu Electric Power, Hokuriku Electric Power, Kansai Electric Power, Chugoku Electric Power, Kyushu Electric Power, and Okinawa Electric Power.
The main reason for this was the inability to fully pass on the rising fuel costs to electricity charges, which put pressure on profits, as procurement costs for LNG (liquefied natural gas, coal, etc.), which is the fuel for thermal power generation, remained high.
On the other hand, Shikoku Electric Power posted a profit of 1.8 billion yen, turning from a deficit in the same period of the previous fiscal year, due to the recording of gains on the sale of shares held.
In addition, regarding the performance for the year until March this year, nine companies, excluding Chubu Electric Power, are expected to be in the red.
Under these circumstances, seven of the ten major electric power companies—Hokkaido Electric Power, Tohoku Electric Power, Tokyo Electric Power, Hokuriku Electric Power, Chugoku Electric Power, Shikoku Electric Power, and Okinawa Electric Power—have adopted a rate plan for households with many subscribers called "regulated rate." We have applied to the government for a price increase, and it is expected that the price will be raised as early as April this year.