September Electricity Bills Rise at All 10 Major Utilities as Government Subsidies Shrink; 4 Gas Companies Also Hike

MacroCommodity
โดย 時事通信·JP·Read original
Summary · why it matters

On the 28th, the 10 major electric power companies announced their electricity rates for September usage. Due to soaring energy prices caused by turmoil in the Middle East and reduced government subsidies, all companies raised rates from the previous month. The increases range from 252 yen to 509 yen, and the four major city gas companies also raised rates by 237 yen to 307 yen. The September electricity subsidy was reduced to 3.50 yen per kilowatt-hour, and Tokyo Electric Power's standard household rate rose to 8,275 yen, up 432 yen from the previous month. Chubu Electric Power saw the largest increase, while Kyushu Electric Power saw the smallest. The gas subsidy was reduced to 14 yen per cubic meter, with Tokyo Gas and Osaka Gas posting the largest increases and Saibu Gas the smallest.

Impact on stocks 6

Energy Transition & Power Demand▼ · 6 stocks
TOKYO GAS Co., Ltd.
9531
▼ NegativePricingrelevance

Gas rates rise due to reduced subsidies and higher energy costs, potentially impacting demand but improving revenues.

Osaka Gas Co., Ltd.
9532
▼ NegativeSupplyrelevance

Gas subsidy reduced and energy prices up due to Middle East turmoil, raising rates for Osaka Gas.

SAIBU GAS HOLDINGS CO. LTD.
9536
▼ NegativePricingrelevance

Gas rates rise due to reduced subsidies and higher energy costs, potentially impacting demand but improving revenues.

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