Hokkaido Electric Power to Raise Electricity Rates by 4.3% from November, Upgrades Earnings Forecast

The story

北海道電力 has announced plans to raise electricity rates by 4.3% in response to higher transmission charges from November onward. The increase is attributed to higher fees for using transmission lines.

The rate increase is expected to apply to 北海道電力's pricing structure. Details of the specific effective date and scope of the increase should be confirmed in the company's formal announcement.

At a glance

CompanyHokkaido Electric

TimingFrom November

Nature4.3% increase in electricity rates

CauseHigher transmission charges

Amount4.3% increase

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