Impact of higher wholesale electricity prices on new electricity retailers and consumers
First written in FY2021-Q2. 4 of 15 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2026.
Ef-On moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 5 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「From April to June, particularly following the escalation of tensions in the Middle East, market prices on the Japan Electric Power Exchange rose further, resulting in a full-year loss of ¥289 million for this business segment.」
The company states that the rise in wholesale electricity market prices was reflected in higher procurement costs for the electricity retail business and an annual segment loss of ¥289 million. - 2026-08-12MaterialisedRevision of earnings forecasts
「In electricity procurement for the electricity retail business, market prices on the Japan Electric Power Exchange shifted to higher levels, putting pressure on earnings.」
The shift to higher wholesale electricity market prices materially pressured earnings in the electricity retail business. - FY2026-H1RestatedAnnual report
「Trading prices in the Japan wholesale electricity market also remained at relatively low and stable levels.」
The company states that wholesale electricity market prices continued to remain relatively low and stable. - FY2024-Q3RestatedAnnual report
「Trading prices in the Japan wholesale electricity market remained low and stable during the winter, without any surge.」
The company states that wholesale electricity market prices, which had previously remained high after surging, did not surge during the current quarter and remained low and stable. - FY2024-Q2MitigatedAnnual report
「During the current quarter, when weather conditions were stable, trading prices in the Japan wholesale electricity market remained relatively low and stable.」
The company states that wholesale electricity market prices, which had previously remained high after surging, were relatively low and stable during the current quarter. - FY2024-Q1RestatedAnnual report
「Trading prices in the Japan wholesale electricity market remained relatively low and stable, without the kind of sharp surge seen in the previous year or the year before, despite the extremely hot summer.」
The company states that wholesale electricity market prices did not surge as they had in previous years, even during the extremely hot summer, and remained relatively low and stable. - FY2023-Q3MitigatedAnnual report
「In this industry, trading prices in the Japan wholesale electricity market remained persistently high through the end of the previous year, but began to decline at the start of the new year, and have remained subdued since early spring.」
The company states that wholesale electricity market prices shifted from remaining high through the end of the previous year to declining at the start of the new year, and have remained subdued since early spring. However, the production costs of major electric power companies are said to have remained elevated. - FY2023-Q2WorsenedAnnual report
「In this industry, trading prices in the Japan wholesale electricity market remained persistently high, while rising crude oil and natural gas prices increased power generation costs, and the profitability of electricity businesses generally continued to deteriorate.」
Persistently high wholesale electricity market prices and higher power generation costs due to soaring crude oil and natural gas prices have continued to undermine the profitability of electricity businesses generally. - FY2023-Q1WorsenedAnnual report
「Wholesale electricity market trading prices remained high, and electricity retailers continued to withdraw from the business. When consumers whose contracts with these retailers had been terminated sought to receive electricity from general transmission and distribution operators, they were unable to conclude standard electricity supply and demand contracts and were forced to switch to last-resort supply, the electricity market's safety net.」
The company states that persistently high wholesale electricity prices and the withdrawal of electricity retailers continued, eventually forcing consumers to switch to last-resort supply. - FY2022WorsenedAnnual report
「In this industry, high oil and natural gas prices continued, while trading prices on the Japan Electric Power Exchange remained high, forcing many electricity retailers that use market-sourced power to withdraw from the business.」
The company states that the impact of soaring wholesale electricity market prices expanded from deterioration in operators' performance to the withdrawal of many electricity retailers. - FY2022-Q3WorsenedAnnual report
「In this industry, trading prices on the Japan Electric Power Exchange remained high, forcing electricity retailers that use market-based electricity to withdraw from the business.」
The impact of soaring wholesale electricity market prices expanded beyond deterioration in electricity retailers' performance to situations in which they were forced to withdraw from the business. - FY2022-Q2MaterialisedAnnual report
「In this industry, high crude oil and natural gas prices continued, while trading prices on the Japan Electric Power Exchange also remained high. As in the previous year, this resulted in extremely severe deterioration in the performance of electricity retailers that procure power from the market.」
As in the previous fiscal year, the company states that persistently high wholesale electricity market prices resulted in extremely severe deterioration in the performance of electricity retailers using market-sourced power. - FY2022-Q1MitigatedAnnual report
「Trading prices in the Japan wholesale electricity market also remained relatively stable, without any surge.」
The company states that wholesale electricity market prices, which had surged abnormally in the previous fiscal year, did not rise during the current quarter and remained relatively stable. - FY2021-Q3MaterialisedAnnual report
「In this industry, wholesale electricity market trading prices rose abnormally from around the middle of December last year through the latter half of January, significantly affecting new electricity retailers using market-based electricity and consumers with market-price-linked supply contracts.」
The company states that an abnormal surge in wholesale electricity market prices actually occurred, severely affecting new electricity retailers and consumers with market-price-linked contracts. - FY2021-Q2First statedAnnual report
「In the wholesale electricity market, trading prices rose sharply from the end of the year, materially affecting the results of new electricity retailers using market power, while there were also concerns about the impact on consumers with supply contracts linked to market prices.」
The Company first identifies sharp increases in wholesale electricity prices as a risk that actually affected new electricity retailers and could spill over to consumers with market-linked contracts.