10 Japanese Power Firms to Cut Rates in April

Economy

Tokyo, Feb. 27 (Jiji Press)--Ten major Japanese power suppliers said Wednesday that they will lower electricity rates for households in April due to lower prices for crude oil and liquefied natural gas.

It will be the first time since December 2017 for all the major power utilities to cut rates.

The largest cut will be made by Okinawa Electric Power Co. <9511>, with a reduction of 112 yen from March to 7,753 yen for an average household.

Hokkaido Electric Power Co. <9509> will lower its rates by 96 yen, Kyushu Electric Power Co. <9508> by 87 yen and Kansai Electric Power Co. <9503> by 12 yen.

Tokyo Gas Co. <9531> and three other major Japanese gas suppliers will cut their rates for April, by between 10 yen and 50 yen for an average household, the first reduction by all the four companies since January last year.

[Copyright The Jiji Press, Ltd.]

Jiji Press