The 10 major electric power companies announced on August 30 that they have reached the upper limit of the fuel cost adjustment system, which allows them to add the increase in fuel costs to their electricity bills for October. The reason for this is the steep rise in fuel prices for thermal power generation following Russia's invasion of Ukraine.
Since it will be a factor of business pressure for each company, there is a possibility that it will lead to moves such as applying for price increases in the future, but since it will directly lead to an increase in the burden on consumers, the Ministry of Economy, Trade and Industry and companies will be forced to make difficult decisions.
Read More Here (Japanese): https://tinyurl.com/yc8ewm2e
Original News Source: (c) The Sankei News
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