Full Liberalization of Electricity and Gas Retail Markets and Intensifying Competition with Other Operators
First written in FY2017. 4 of 8 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024.
The Kansai Electric Power Company moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 8 of 21 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Retail electricity sales volume may fluctuate due to weather, particularly temperature, which is a primary variable affecting demand for heating and cooling, economic trends, progress in energy conservation, changes in how electricity is used as a result of technological innovation, and competitive conditions involving other operators, among other factors.」
Competition, energy conservation, technological innovation and fluctuations in demand continue to be cited as risks affecting electricity sales volume and performance. - FY2022-Q3RestatedAnnual report
「During the nine months ended 31 December, retail electricity sales volume decreased 3.2% year on year to 72.5 billion kWh, owing mainly to intensifying competition and other factors.」
Intensifying competition continues to materialise as a factor behind the 3.2% decline in retail electricity sales volume. - FY2022-Q2MaterialisedAnnual report
「During the six months ended 30 September, retail electricity sales volume decreased 4.7% year on year to 48.8 billion kWh, owing to intensifying competition and lower cooling demand as temperatures in August and September remained below the previous year’s levels.」
Intensifying competition was actually cited as a factor behind the 4.7% year-on-year decline in retail electricity sales volume. - FY2022-Q1MaterialisedAnnual report
「During the three months ended 30 June, retail electricity sales volume decreased 3.1% year on year to 22.8 billion kWh, owing mainly to intensifying competition and other factors.」
Intensifying competition has materialised as a factor behind the 3.1% year-on-year decline in retail electricity sales volume. - FY2021-Q3MaterialisedAnnual report
「During the nine months ended 31 December, retail electricity sales volume decreased 10.9% year on year to 74.9 billion kWh, owing to intensifying competition and the impact of COVID-19, among other factors.」
Intensifying competition, together with COVID-19, was actually cited as a factor behind the 10.9% decline in retail electricity sales volume. - FY2021-Q2MaterialisedAnnual report
「During the six months ended 30 September, retail electricity sales volume decreased 11.0% year on year to 51.3 billion kWh, owing to competition from new electricity suppliers and the impact of COVID-19, among other factors.」
Competition from new electric power retailers, together with COVID-19, was actually cited as a factor behind the 11.0% decline in retail electricity sales volume. - FY2018WorsenedAnnual report
「In the electric power business, the power generation mix may change significantly and competition with other operators may expand further, depending on the future energy mix, changes in conditions following the full liberalisation of the retail market, and developments in detailed institutional discussions concerning the future electricity system, including the legal separation of the transmission and distribution businesses.」
The company explicitly states that competition with other operators following full retail-market liberalisation could expand further. - FY2017First statedAnnual report
「Total electricity sales volume fluctuates due to weather, particularly temperature, which is a primary variable affecting demand for heating and cooling, economic trends, progress in energy conservation, and intensifying competition with other operators following the full liberalisation of the retail market, among other factors. The performance of the Group may be affected as a result.」
Full retail-market liberalisation and intensifying competition are cited as factors causing fluctuations in electricity sales volume and performance.