Major Japanese power and city gas suppliers are set to raise rates in October following the end of the government’s subsidy program in September.
Ten power suppliers said Friday that they will raise rates by ¥467-¥536 for average households from September, when a subsidy of ¥2 per kilowatt-hour was provided. Tokyo Electric Power Company Holdings will raise rates by ¥520 to ¥8,652.
Four city gas companies are expected to increase rates by ¥172-¥222 from September, when the government provided a subsidy of ¥8 per cubic meter. Tokyo Gas is likely to raise rates by ¥222 to ¥5,710.
The government provided subsidies of up to ¥2.4 per kilowatt-hour of electricity and ¥10 per cubic meter of gas from July through September to reduce monthly fees by about ¥3,000 in total.
AloJapan.com