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Tuesday, 17 January 2012

TEPCO to raise electricity rates for corporate users by 17% from April 1

Tokyo Electric Power Co (TEPCO) on Tuesday announced that it will hike electricity bills for corporate users, starting April 1, to cover costs of switching to other forms of power.
TEPCO also said the extra revenue will be needed to compensate those evacuated for radiation risks, as well as the massive costs for shutting down the Fukushima Daiichi nuclear plant....
...Compensation for victims, decontamination expenses and costs for scrapping the plant are likely to balloon to trillions of more yen, and some taxpayer money has already been earmarked for a part of that bill...

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