Tokyo Electric Power : TEPCO Energy PartnerConsideration of Review of the Low-Voltage Rate Plans

November 1, 2022

Tokyo Electric Power Company Holdings, Inc.
TEPCO Energy Partner, Inc.

The TEPCO Group^*1is streamlining management according to the Comprehensive Special Business Plan to provide a stable supply of electricity to our customers.
However, with the recent global soaring of resource prices, the financial foundation of TEPCO Energy Partner (hereinafter TEPCO EP) has been worsening rapidly, as expenses exceed revenue due to the sharp rise in fuel and wholesale electricity market prices that our streamlining efforts cannot keep up with.

Given this situation, TEPCO EP announced the review of the extra high-voltage and high voltage rate plans (Announced on September 20, 2022).

TEPCO EP's profitability has declined in the financial results for the second quarter of FY2022 due to the continued high fuel and wholesale electricity market prices and the rapid depreciation of the yen. The fuel cost adjustments under the Specified Retail Supply Agreements^*2 have also reached its ceiling amount, and with an increasing number of customers switching from other retail electricity operators to TEPCO EP, expenses are expected to further increase.
To continue to stably supply electricity to our customers even in this environment, TEPCO EP has decided to consider reviewing all low-voltage rate plans including the ones stipulated by the Specified Retail Supply Agreements^*3.

The TEPCO Group will continue to further enhance our efforts to reduce the burden on customers by providing support for energy conservation and saving electricity.
We will also endeavor to provide a stable supply of electricity, and will promote the local production and the local consumption by introducing solar power generation facilities and storage batteries domestically, thereby contributing to the realization of comfortable and secure lifestyles for our customers.