Tepco WonÂ’t Increase Electricity 15 Per cent
TOKYO - - Tokyo Electric Power Co. wonÂ’t go ahead with plans to boost electricity prices by as much as 15 percent after government and public criticism, Kyodo News reported, citing unidentified people familiar with the matter.
The utility known as Tepco already informed creditors about the reversal of its plans, Kyodo said, citing the unidentified people. Tepco may propose a smaller price increase to cover expected higher costs, Kyodo said.
The company had planned to boost prices to help cover costs associated with reactor meltdowns at its Fukushima Dai-Ichi nuclear plant, Kyodo said.
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BC Hydro electricity demand down 10% amid COVID-19 pandemic
VANCOUVER - Elecricity demand is down 10 per cent across British Columbia, an unprecedented decline sparked by the COVID-19 pandemic, according to a BC Hydro report.
Power demand across hotels, offices, recreational facilities and restaurants have dwindled as British Columbians self isolate.
The shortfall means there's a surplus of water in reservoirs across the province.
"This drop in load in addition to the spring snow melt is causing our reservoirs to reach near capacity, which could lead to environmental concerns, as well as public safety risks if we don't address the challenges now," said spokesperson Tanya Fish.
Crews will have to strategically spill reservoirs…
