Kyushu Electric Power to Cut Household Rates

Economy

Tokyo, Feb. 26 (Jiji Press)--Kyushu Electric Power Co. <9508> said Tuesday that it will cut household electricity rates by 1.09 pct on average from April 1.

The monthly electricity bill for an average household is expected to fall by 72 yen with the first price cut by the company since September 2008.

The rate cut comes as fuel costs for thermal power generation dropped thanks to the resumption of nuclear power plant operations.

Kyushu Electric will become the second power firm in Japan to reduce rates after the March 2011 earthquake, tsunami and reactor meltdown at Tokyo Electric Power Company Holdings Inc.'s <9501> Fukushima No. 1 nuclear plant.

Kansai Electric Power Co. <9503> has so far cut rates twice after the disasters.

[Copyright The Jiji Press, Ltd.]

Jiji Press