• Kyodo

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The Fair Trade Commission on Friday warned Tokyo Electric Power Co. that its failure to fully explain its rate hike plan for corporate users may constitute an abuse of its dominant position and thus violate the Antimonopoly Law.

The trade watchdog issued the warning in a document to Tepco amid outcries over the average 17 percent rate hike it imposed in April for some of its corporate customers that had accepted the plan as well as its goal to raise household rates that is currently under government scrutiny.

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