Electricity Rate Increases in Response to Surging Fuel and Market Prices
First written in FY2023-Q3. 3 of 7 entries say "Cited as achieved", first in FY2024-Q1. Latest entry: 2026-09-25.
3 other companies' latest entry also says "Advanced".
- 2026-09-25Advancedwww.hokkaido-np.co.jp
「Hokkaido Electric Power to raise rates 4.3% from November due to higher transmission line usage charges」
Hokkaido Electric Power was reported to be raising electricity rates by 4.3% from November, providing greater clarity on the implementation of the rate increase. - 2026-09-25ReframedRevision of earnings forecasts
「At the same time, from the same date, we will also reflect the change in wheeling charges in low-voltage deregulated rates and high-voltage and extra-high-voltage rates.」
The framework for reviewing electricity rates has expanded beyond the previous rate increases attributed to higher fuel and market prices to include the reflection of changes in wheeling charges. The change applies not only to regulated rates but also to low-voltage deregulated rates and high-voltage and extra-high-voltage rates. - FY2024-Q3Cited as achievedAnnual report
「Although fuel cost adjustments and other items declined as fuel and wholesale electricity market prices fell, revenue increased by ¥61,733 million, or 9.9%, year on year to ¥685,581 million, owing to electricity tariff revisions and an increase in electricity sales to other companies associated with higher wholesale sales volumes. Ordinary revenue, including non-operating income, increased by ¥59,931 million, or 9.5%, to ¥687,853 million.」
The electricity tariff revisions implemented in the previous fiscal year emerged as a factor behind the increase in revenue and ordinary revenue for the nine-month period, together with the increase in wholesale sales volumes and other factors. - FY2024-Q2Cited as achievedAnnual report
「Revenue increased by ¥71,725 million, or 18.5%, year on year to ¥458,579 million, owing to electricity tariff revisions, as well as an increase in fuel cost adjustments and other items associated with fluctuations in fuel and wholesale electricity market prices. Ordinary revenue, including non-operating income, increased by ¥68,051 million, or 17.4%, to ¥460,160 million.」
The electricity tariff revisions implemented in the previous fiscal year emerged as a factor behind the increase in revenue and ordinary revenue for the quarter, together with the increase in fuel cost adjustments and other items. - FY2024-Q1Cited as achievedAnnual report
「Revenue increased by ¥51,761 million, or 29.4%, year on year to ¥227,791 million, owing to an increase in fuel cost adjustments and other items associated with fluctuations in fuel and wholesale electricity market prices, as well as electricity tariff revisions. Ordinary revenue, including non-operating income, increased by ¥50,469 million, or 28.3%, to ¥228,973 million.」
The electricity tariff revisions implemented in the previous fiscal year emerged as a factor behind the increase in revenue and ordinary revenue for the quarter, together with the increase in fuel cost adjustments and other items. - FY2023AchievedAnnual report
「Even under difficult earnings and financial conditions, the company implemented electricity tariff increases for high-voltage and extra-high-voltage customers from April 2023 in order to improve its financial health and continue the stable supply of electricity by securing a stable fuel supply and appropriately maintaining power facilities. It also obtained approval from the Minister of Economy, Trade and Industry to raise retail electricity tariffs in the regulated segment and implemented tariff increases from June, including for low-voltage customers on market-based tariffs.」
The company implemented the high-voltage and extra-high-voltage tariff increases from April 2023 and the approved low-voltage tariff increases from June, completing the tariff revisions decided on and applied for in the previous fiscal year. - FY2023-Q3First statedAnnual report
「Under these circumstances, in order to improve the company's financial health and continue the stable supply of electricity by securing a stable fuel supply and appropriately maintaining power facilities, the company announced on 22 December 2022 that it had decided to raise electricity tariffs for high-voltage and extra-high-voltage customers from 1 April this year, and that it was also considering raising tariffs for low-voltage customers, including regulated tariffs. On 26 January this year, the company decided to raise electricity tariffs for low-voltage customers, including regulated tariffs, from 1 June, and applied to the Minister of Economy, Trade and Industry for approval to amend the specified retail supply terms and conditions in connection with the regulated tariff increase.」
In response to soaring fuel and wholesale electricity market prices and the rapid deterioration of earnings and financial conditions, the company decided to raise high-voltage and extra-high-voltage tariffs from 1 April 2023, and decided to raise low-voltage tariffs from 1 June and submitted an application for approval.