Tohoku Electric Power on Thursday filed for government approval for its plans to raise regulated electricity rates for households by an average of 32.94% next April.
The power supplier, which mainly serves the Tohoku region, submitted the application to the industry ministry, concluding that a rate hike is necessary to stably procure fuel for power generation and secure funds for facility repairs amid soaring prices of energy and other goods.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
Source: The Japan Times