Cash flow management following the surge in electricity prices through installment payments of imbalance charges
First written in FY2021-Q2. 1 of 4 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022-Q2.
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- FY2022-Q2AchievedAnnual report
「We also completed payment in December 2021 to the general transmission and distribution utilities of approximately ¥6.5 billion, including tax, in shortage imbalance charges incurred in January 2021, hereinafter referred to as imbalance charges.」
Payment to the general transmission and distribution utilities of approximately ¥6.5 billion in shortage imbalance charges was completed in December 2021 following payment by instalment. - FY2022-Q1RestatedAnnual report
「We applied for the arrangement, obtained permission from each general transmission and distribution utility, and are making the payments in 9 instalments beginning in April 2021.」
The company continues to pay the imbalance charges in 9 instalments. This filing does not indicate any change to the new payment terms or that payment has been completed. - FY2021-Q3AdvancedAnnual report
「We applied for the arrangement, obtained permission from each general transmission and distribution utility, and are making the payments in 9 instalments beginning in April 2021.」
For the shortage imbalance charges, the company moved from the initial arrangement of up to 5 instalments to 9 instalments after the system change, following an application and obtaining approval, and began making the actual payments in April 2021. - FY2021-Q2First statedAnnual report
「On 29 January 2021, the Ministry of Economy, Trade and Industry announced that, where certain requirements are met, payment of the imbalance charges for January 2021 may be made in equal instalments over a period of up to 5 months. Having satisfied those requirements, we applied for the arrangement and plan to make the payments in 5 instalments beginning in April 2021.」
This is the first disclosure of measures to manage cash flow by paying the January 2021 imbalance charges arising from the surge in JEPX prices in 5 instalments beginning in April 2021, after satisfying the requirements and applying for the arrangement.