Tokyo Electric Power Co.’s hoped-for 10 percent price hike for households will probably not kick in on July 1 because a government panel scrutinizing the plan faces no deadline for reaching a judgement, an official in the Ministry of Economy, Trade and Industry said Wednesday.
“Tepco would have to officially notify the public of the price hike before July 1, which means the panel would have to approve the hike around June 20,” said METI official Manabu Nabeshima. “The panel has raised various concerns. They are basically concerned that Tepco could do more to cut costs.”
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