TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. Fuel Cost Adjustments, etc. included in Electricity Rates for July 2024
May 30, 2024
TEPCO Energy Partner, Inc.
In response to today's announcement of the fuel prices from February 2024 to April 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 July 2024 have been determined as follows.
1. For low-voltage supply customers: Fuel cost adjustment unit prices (tax included)
Fuel Cost Adjustment Unit Prices (per 1kWh) 4 | ||||||||
* | ||||||||
June 2024 | ||||||||
Service | Contract Category | Before reflecting | After reflecting | Difference Between | ||||
Area | July 2024 | June 2024 and July | ||||||
measures to mitigate | measures to mitigate | |||||||
sharp fluctuations | sharp fluctuations | 2024*6 | ||||||
Contracts for which | ||||||||
specified retail supply | - 6.09 yen | - 5.80 yen | - 7.60 yen*5 | 1.51 yen | ||||
Low- | agreements apply*2 | |||||||
Kanto*1 | Contracts for which | |||||||
Voltage | ||||||||
electricity | ||||||||
Supply | ||||||||
supply/demand | - 6.09 yen | - 5.80 yen | - 7.60 yen*5 | 1. 51 yen | ||||
agreements [low- | ||||||||
voltage] apply*3 |
2. For high-voltage/extrahigh-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)
Fuel Cost Adjustment Unit Prices (per 1kWh) *4 | ||||||||||||||||||||
June 2024 | ||||||||||||||||||||
Service | Contract Category | Before reflecting | After reflecting | Difference | ||||||||||||||||
July 2024 | Between June | |||||||||||||||||||
Area | measures to | measures to | 2024 and July | |||||||||||||||||
mitigate sharp | mitigate sharp | 2024*6 | ||||||||||||||||||
fluctuations | fluctuations | |||||||||||||||||||
High- | - 0.87 yen | - 0.59 yen | - 1.49 yen*5 | |||||||||||||||||
Voltage | 0. 62 yen | |||||||||||||||||||
Basic plan | Supply | |||||||||||||||||||
Extra High- | - 0.85 yen | - 0.57 yen *5 | ||||||||||||||||||
Voltage | - 0. 28 yen | |||||||||||||||||||
Kanto *1 | Standard | Supply | ||||||||||||||||||
options | ||||||||||||||||||||
High- | ||||||||||||||||||||
Market | Voltage | - 1.04 yen | - 0.70 yen | - 1.60 yen*5 | 0. 56 yen | |||||||||||||||
price | Supply | |||||||||||||||||||
adjustment- | Extra High- | |||||||||||||||||||
free plan | Voltage | - 1.01 yen | - 0.68 yen *5 | - 0. 33 yen | ||||||||||||||||
Supply | ||||||||||||||||||||
Service | Contract Category | Market Price Adjustment Unit Prices (per 1kWh) *4 | ||||||||||||||||||
Area | July 2024 | |||||||||||||||||||
High- | The applicable market price adjustment unit price will be | |||||||||||||||||||
Voltage | ||||||||||||||||||||
Basic plan | Supply | announced on August 1, 2024 for contracts for which | ||||||||||||||||||
Extra High- | meters are read on the first day of each month. | |||||||||||||||||||
Voltage | The applicable market price adjustment unit price will be | |||||||||||||||||||
Kanto *1 | Standard options | Supply | ||||||||||||||||||
High- | announced on July 1, 2024 for contracts for which meters | |||||||||||||||||||
Voltage | are read anytime between the second and last day of each | |||||||||||||||||||
Market price- | Supply | month. | ||||||||||||||||||
linked plan | Extra High- | |||||||||||||||||||
Voltage | ||||||||||||||||||||
Supply | ||||||||||||||||||||
Fuel Cost, etc. Adjustment Unit Prices (per 1kWh) 4 | ||||||||||||||||||||
* | ||||||||||||||||||||
June 2024 | Difference | |||||||||||||||||||
Service | ||||||||||||||||||||
Contract Category | Before reflecting | After reflecting | Between June | |||||||||||||||||
Area | July 2024 | |||||||||||||||||||
measures to mitigate | measures to mitigate | 2024 and July | ||||||||||||||||||
sharp fluctuations | sharp fluctuations | 2024*6 | ||||||||||||||||||
High- | ||||||||||||||||||||
Voltage | - 1.07 yen | - 0.83 yen | - 1.73 yen*5 | 0.66 yen | ||||||||||||||||
Supply | New*8 | |||||||||||||||||||
Extra High- | ||||||||||||||||||||
Existing | Voltage | - 1.04 yen | - 0.81 yen*5 | - 0.23 yen | ||||||||||||||||
Kanto*1 | standard | Supply | ||||||||||||||||||
High- | - 4.14 yen | - 3.89 yen | - 4.79 yen | 0.65 yen | ||||||||||||||||
options 7 | Voltage | 5 | ||||||||||||||||||
* | ||||||||||||||||||||
* | ||||||||||||||||||||
Supply | Old*9 | |||||||||||||||||||
Extra High- | ||||||||||||||||||||
Voltage | - 4.02 yen | - 3.78 yen*5 | - 0.24 yen | |||||||||||||||||
Supply |
*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
*4A consumption tax and other costs are included in the prices.
*5 June 2024 rates (May 2024 consumption. However, this correlates to June 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: 1.80 yen/kWh, high-voltage supply: 0.90 yen/kWh) as a nationwide measure for mitigating sharp fluctuations in electricity rates. 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).
*6 For low-voltage supply and high-voltage supply, shows the difference between the unit prices after reflecting measures to mitigate sharp fluctuations.
*7 Existing rate plans such as Business power, Extra high-voltage power A, etc.
*8 If the contract expiration date is March 31, 2024 or thereafter, the rate will be applied from the subsequent calculation period.
*9 If the contract expiration date is April 1, 2024 or thereafter, the rate will be applied until the contract expires.
The change of the electricity rates on the average model (Comparison with the electricity rate for June 2024)June 2024 | Difference | |||
Before reflecting | After reflecting | |||
July 2024 | Between June 2024 | |||
measures to mitigate | measures to mitigate | |||
sharp fluctuations | sharp fluctuations | and July 2024*3 | ||
Electricity | 8,930 yen | 9,006 yen | 8,538 yen*2 | 392 yen |
Rates*1 |
*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) and a consumption tax and other costs.
*2 Includes an electricity consumption discount of 468 yen (260 kWh x 1.80 yen/kWh) as a nationwide measure for mitigating sharp fluctuations in electricity rates.
*3 Shows the difference between the electricity rates after reflecting measures to mitigate sharp fluctuations.
Fuel Prices- Average fuel prices (the Trade Statistics of Japan)
Average Crude Oil Price | 79,291 yen/kl | ||
From | Average LNG Price | 94,762 yen/ t | |
Average Coal Price | 24,476 yen/ t | ||
February 2024 | |||
to April 2024 | Average | Low-Voltage Supply | 52,800 yen/kl |
(actual figures) | |||
High-Voltage Supply/Extra High-Voltage Supply | 52,500 yen/kl | ||
Fuel Price | |||
High-Voltage Supply/Extra High-Voltage Supply ※ | 53,500 yen/kl | ||
- When *9 of "2. For high-voltage/extrahigh-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)" applies.
- Changes in fuel prices
From January 2024 | From February 2024 to April 2024 | ||||
to March 2024 | (applied to July 2024) | ||||
(applied to June 2024) | Average | Feb. 2024 | Mar. 2024 | Apr. 2024 | |
Crude Oil ($/b) | 84.2 | 84.2 | 83.7 | 83.1 | 85.7 |
LNG (＄/ｔ) | 673.2 | 633.0 | 669.2 | 640.8 | 585.4 |
Coal (＄/ｔ) | 166.0 | 163.5 | 169.4 | 157.9 | 163.1 |
Exchange rate (¥/＄) | 147.2 | 149.7 | 148.1 | 149.4 | 151.6 |
(1) Average market price (Spot market)
Simple average spot market price | 10.95 yen/kWh | ||
from 12 a.m. to 12 a.m. on the following day | |||
Actual figures from | Simple average spot market price | 8.83 yen/kWh | |
from 8 a.m. to 4 p.m. | |||
February 21, 2024 to | |||
May 20, 2024 | Average market price | New*1 | 10.59 yen/kWh |
Old*2 | 10.22 yen/kWh | ||
*1 When *8 of "2. For high-voltage/extrahigh-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 *9 of "2. For high-voltage/extrahigh-voltage supply customers: Fuel cost adjustment unit prices, Market price adjustment unit prices, and Fuel cost, etc. adjustment unit prices (tax included)" applies.
(2) Market price trend
From Jan. | From February 21, 2024 to May 20, 2024 | ||||
21, 2024 | (applied to July 2024) | ||||
to Apr. 20, | From | From | From | ||
2024 | Average | Feb. 21, 2024 | Mar. 21, 2024 | Apr. 21, 2024 | |
(applied to | to | to | to | ||
Simple average | June 2024) | Mar. 20, 2024 | Apr. 20, 2024 | May 20, 2024 | |
spot market prices | |||||
from 12 a.m. | 10.74 | 10.95 | 10.64 | 11.29 | 10.88 |
to 12 a.m. on the | |||||
following day | |||||
(yen/kWh) | |||||
Simple average | |||||
spot market prices | 9.16 | 8.83 | 9.05 | 9.06 | 8.38 |
from 8 a.m. | |||||
to 4 p.m. (yen/kWh) |
Attachment 1:The Calculation of the Fuel Cost Adjustment Unit Price and the Electricity Rates for July 2024 (Kanto Area)
Attachment 2:Fuel Cost Adjustment Unit Prices for the Other Areas than Kanto
Attachments
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Disclaimer
TEPCO - Tokyo Electric Power Company Holdings Inc. published this content on 30 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2024 11:08:23 UTC.
