June 27, 2008
4 Japan Power Suppliers Likely to Raise Rates
Tokyo, June 27 (Jiji Press)--Four Japanese power suppliers on Friday unveiled plans to overhaul their rate structures as early as September, a move that could lead to steep rate hikes in January.
Kansai Electric Power Co. , Chugoku Electric Power Co. , Shikoku Electric Power Co. and Hokkaido Electric Power Co. joined industry leader Tokyo Electric Power Co. , which on Thursday announced plans for a similar overhaul.
At present, electric power suppliers are allowed to revise rates every three months to reflect fuel price fluctuations within a basic fuel cost boundary. But their rate hikes have already reached their limit due to a recent surge in crude oil prices.END
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