Saturday, October 1 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    TEPCO widens loss in April-June as war in Ukraine raises fuel prices


    August 2, 2022 - Japan Economic Newswire

     

      Tokyo Electric Power Company Holdings Inc. said Tuesday its net loss expanded to 67.10 billion yen ($513 million) for the three months ended June from 3.03 billion yen a year ago, as Russia's invasion of Ukraine caused fuel prices to soar.

      The widened loss came as the company was forced to pay more for coal and liquefied natural gas for its thermal power operations, the company said.

      Meanwhile, sales rose 50.7 percent to 1.48 trillion yen for the period as the higher cost of energy was partly passed onto customers.

      The utility, also known as TEPCO, did not reveal its earnings forecast for the current business year through March, citing uncertain energy market conditions due to the war in Ukraine.

      TEPCO, operator of the crippled Fukushima Daiichi nuclear power plant, announced the same day it will consider raising prices for rate plans for large-scale business operators such as shopping centers and factories to absorb soaring energy prices.

      The possible change will affect up to about 170,000 contracts, and the company plans to finalize the details of the rate hike by the end of September, it said.

      ==Kyodo

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.