Tepco WonÂ’t Increase Electricity 15 Per cent
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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Ontario introduces new fixed COVID-19 hydro rate
TORONTO - Ontario residents will now have to pay a fixed electricity price that is higher than the off-peak hydro rate, which people in the province have been allowed to pay so far due to the pandemic.
The announcement, which was made in a news release on Saturday, comes after the Ontario government suspended the normal “time-of-use” billing system on March 24.
The government moved all customers onto the lowest winter rate in response to the pandemic as emergency measures meant more people would be at home during the middle of the day when electricity costs are the highest.
Now, the government has…
