Hokkaido Electric wins government OK to raise rates

/ Oct 14, 2014

Hokkaido Electric wins government OK to raise rates

The government on Tuesday approved Hokkaido Electric Power Co.'s plan to raise household electricity bills by 15.3 percent on average, with the surge in fossil fuel costs weighing on the utility's business in the absence of nuclear power generation following the 2011 Fukushima crisis. Hokkaido ...

Aug 24, 2014

Don't bank on nuclear restarts

Power companies are moving again to raise their electricity rates to get out of dire financial straits caused by the increased cost of importing fuel to run more thermal power plants while their nuclear power reactors remain idled.