TEPCO's new power rate plan questioned
News On Japan via Yomiuri -- Jun 03
Will Tokyo Electric Power Co.'s new electricity rate plan for households be beneficial to consumers? Observers are questioning whether TEPCO's new plan will really help households save money.
The "peak shift" plan, which calls for power rates to differ depending on the time, was introduced Friday to cope with a possible electricity crunch this summer. The utility has set the rate higher during peak hours than at other times to curb electricity consumption during those hours.
However, only a small number of households' rates will go down by shifting to the new plan. As of Saturday, only 130 households had signed up for the new plan.
In addition, the amount of electricity TEPCO can save during peak times will be limited even if the utility achieves its target number of contracts. Observers have criticized that the plan lacked proper planning.
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