Increase in procurement costs from the wholesale electricity trading market
First written in FY2023-Q1. 2 of 4 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2025-H1.
The whole theme swung hardest in 2021: 4 of 15 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「On the expense side, operating expenses increased by ¥254,451 million, or 16.1%, year on year to ¥1,839,271 million, mainly because purchased power costs from other companies increased.」
The increase in purchased power costs from other companies, which had eased in the previous fiscal year, occurred again, and operating expenses increased by 16.1% year on year. - FY2024MitigatedAnnual report
「On the expenditure side, operating expenses decreased by ¥673,498 million, or 16.8%, from the previous consolidated fiscal year to ¥3,330,442 million, due in part to lower thermal power fuel costs and electricity purchased from other companies as a result of a higher nuclear capacity factor and lower fuel prices.」
In response to the increase in procurement costs from the wholesale electricity market that emerged in the previous fiscal year, operating expenses, including purchased power costs from other companies, decreased due to a higher nuclear capacity factor and lower fuel prices. - FY2023-Q2WorsenedAnnual report
「On the expense side, operating expenses were ¥1,936,124 million, up ¥788,360 million, or 68.7%, year on year. Although the company worked to achieve thorough management efficiency improvements, thermal fuel costs increased owing to the impact of foreign exchange and fuel prices and lower nuclear utilization, while purchased power costs from other companies increased owing to higher procurement costs from the wholesale electricity market.」
The increase in procurement costs from the wholesale electricity market continued to drive up purchased power costs from other companies, and operating expenses increased by 68.7% year on year, resulting in an operating loss of ¥151,916 million. - FY2023-Q1MaterialisedAnnual report
「Operating expenses increased by ¥263,569 million, or 48.2%, year on year to ¥810,769 million, mainly because purchased power costs from other companies increased due in part to higher procurement costs from the wholesale electricity market.」
The increase in procurement costs from the wholesale electricity market materialized as an increase in purchased power costs from other companies and became a major factor behind the substantial increase in operating expenses.