Higher Purchased Electricity Prices
First written in FY2016. 1 of 2 entries say "Mitigated", first in FY2023. Latest entry: FY2023.
The whole theme swung hardest in 2021: 4 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Some plants procure electricity from the wholesale electricity market and are exposed to the risk of fluctuations in electricity prices. During periods when an increase in electricity purchases is expected, however, the Group hedges this risk using derivatives transactions (commodity futures transactions).」
The disclosure newly describes measures to hedge the risk of fluctuations in purchased electricity prices through commodity futures transactions. - FY2016First statedAnnual report
「Many of the Group's plants and facilities are located within the service areas of Tokyo Electric Power and Chubu Electric Power. Accordingly, an increase in the price of electricity purchased from these utilities could affect the Group's operating results and financial position.」
The electricity supply environment and increases in purchased electricity prices are identified as risks.