Tohoku Electric Seeks Govt Approval for Household Rate Hike
Tokyo, Nov. 24 (Jiji Press)--Tohoku Electric Power Co. <9506> on Thursday filed for government approval for plans to raise its regulated electricity rates for households by an average of 32.94 pct next April.
The power supplier, which mainly serves the Tohoku region of northeastern Japan, 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 the wake of Russia's invasion of Ukraine.
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