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Fuel Cost Adjustments, etc. included in Electricity Rates for May 2024
March 28, 2024
TEPCO Energy Partner, Inc.
In response to today's announcement of the fuel prices from December 2023 to February 2024 (prices of crude oil, LNG, and coal according to trade statistics), the fuel cost adjustment unit prices and the fuel cost, etc. adjustment unit prices included in the electricity rates for May 2024 have been determined as follows.
Please note that the fuel cost adjustment unit prices and the fuel cost, etc. adjustment unit prices are calculated after discounting 7.00 yen/kWh for low-voltage supply, and 3.50 yen/kWh for high-voltage supply for February 2023 to September 2023, and 3.50 yen/kWh for low-voltage supply and 1.80 yen/kWh for high-voltage supply for October 2023 to January 2024, respectively, as a nationwide measure to mitigate sharp fluctuations in electricity rates.
Furthermore, in conjunction with the extension of these mitigation measures, the discounts applied to January 2024 will remain in effect until June 2024. Therefore, 3.50 yen/kWh will be discounted for low-voltage supply and 1.80 yen/kWh for high-voltage supply for the period from February 2024 to May 2024, and 1.80 yen/kWh for low-voltage supply and 0.90 yen/kWh for high-voltage supply for June 2024, respectively.
1. For low-voltage supply customers: Fuel cost adjustment unit prices (tax included)
2. For high-voltage/extra high-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)
*1 Kanto Area: Tochigi Prefecture, Gunma Prefecture, Ibaraki Prefecture, Saitama Prefecture, Chiba Prefecture, Tokyo Metropolitan Area, Kanagawa Prefecture, Yamanashi Prefecture and Shizuoka Prefecture (east of Fujikawa)
*2 Rate plans before the full liberalization of the electricity market (excluding optional agreements) such as Meter-Rate Lighting, Low-Voltage Electricity, etc.
*3 Rate plans after the full liberalization of the electricity market such as Standard Plan, Premium Plan, Smart Life Plan, Power Plan, etc., and optional agreements such as Denka Jozu
*4 A consumption tax and other costs are included in the prices.
*5 May 2024 rates (April 2024 consumption. However, this correlates to May 2024 consumption for high-voltage supply contracts for which meters are read on the first day of each month) include unit price discounts (low-voltage supply: 3.50 yen/kWh, high-voltage supply: 1.80 yen/kWh) as a nationwide measure for mitigating sharp fluctuations in electricity rates. However, these measures do not apply to extra high-voltage supply contracts. For further details, please refer to the page on our website dedicated to this topic (in Japanese only).
Please note that May 2024 rates correlate to consumption during the period from when the meter is read (or measurement date) in April 2024 to the day before the meter is read (or measurement date) in May 2024. However, for high-voltage supply contracts for which meters are read on the first day of each month, this correlates to consumption during the period from May1, 2024 to the last day of May, 2024.
*6 Existing rate plans such as Business power, Extra high-voltage power A, etc.
*7 If the contract expiration date is March 31, 2024 or thereafter, the rate will be applied from the subsequent calculation period.
*8 If the contract expiration date is April 1, 2024 or thereafter, the rate will be applied until the contract expires.
<Reference 1> The change of the electricity rates on the average model (Comparison with the electricity rate for April 2024)
The electricity rates for May 2024 include the fuel cost adjustment and the unit price of renewable energy power promotion surcharge for FY2024 (3.49 yen/kWh as announced by the Ministry of Economy, Trade and Industry on March 19, 2024) to be applied to the electricity rates from May 2024.
*1 The rates shown in the table above are applicable to the case of 30A of meter-rate lighting B with electricity consumption of 260kWh/month. They include the renewable energy power promotion surcharge (907 yen is the surcharge applicable to electricity rates from May, 2024 to April, 2025 and 364 yen from May, 2023 to April 2024.) and a consumption tax and other costs.
*2 Includes an electricity consumption discount of 910 yen (260 kWh x 3.50 yen/kWh) as a nationwide measure for mitigating sharp fluctuations in electricity rates.
<Reference 2> Fuel Prices
(1) Average fuel prices (the Trade Statistics of Japan)
※ When *8 of "2. For high-voltage/extra high-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)" applies.
(2) Changes in fuel prices
<Reference 3> Market Price (Existing standard options)
(1) Average market price (Spot market)
*1 When *7 of "2. For high-voltage/extra high-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)" applies.
*2 When *8 of "2. For high-voltage/extra high-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)" applies.
(1) Market price trend
