Intensifying competition among electricity and city gas providers following liberalisation
First written in FY2017. 3 of 4 entries say "Worsened", first in FY2020. Latest entry: FY2025.
Sanrin moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2024: 8 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In the energy industry, new entrants crossing the traditional boundaries between energy businesses, industry consolidation and fierce competition among energy providers to win customers are further accelerating price competition. Consumers are also adopting lifestyle changes to reduce energy consumption, and the environment surrounding the industry is becoming more challenging each year.」
It summarises that, in addition to new entrants, industry consolidation and customer competition accelerating price competition, the spread of energy-efficient lifestyle changes is making the competitive environment more challenging each year. - FY2021WorsenedAnnual report
「The full liberalisation of gas and electricity retailing and other developments have ushered in an era of full-scale competition to secure customers. In addition, consumers are increasingly free to choose energy and providers according to their lifestyles and environmental preferences, and the environment surrounding the industry is expected to become even more challenging.」
It explains that full liberalisation of gas and electricity retailing has intensified competition to secure customers, while the broader range of choices available to consumers has made the competitive environment even more challenging. - FY2020WorsenedAnnual report
「In the energy industry, new entrants crossing the traditional boundaries between energy businesses and industry consolidation are expected to further accelerate price competition. Consumers are also adopting lifestyle changes to reduce energy consumption, and the environment surrounding the industry is expected to become even more challenging.」
It explains that new entrants and industry consolidation will accelerate price competition, while the spread of energy-efficient lifestyles will make the competitive environment even more challenging. - FY2017First statedAnnual report
「The full liberalisation of city gas retailing began in April 2017, bringing LP gas, city gas and electricity into fierce competition on an equal footing. The petroleum products market has also undergone dramatic changes among primary distributors, including the merger of JX and TG. As Japan's energy environment becomes more challenging than ever, we will confront these turbulent conditions and survive through them with a united and determined effort.」
It states that the business environment for energy-related operations has become more challenging because of city gas retail liberalisation, consolidation among primary distributors, and competition among electricity, city gas and LP gas providers.