The government has just granted special authorisation to provide discounts as part of gas and electricity price easing measures during the months of August, September and October 2024
July 29, 2024
In response to the request of electricity and gas suppliers, the Ministry of Economy, Trade and Industry (METI) has just approved exceptional measures for specific clauses (etc.) of retail supply. As a result, this allows for discounts on regulated retail tariffs for bills for the months of August, September and October. In addition, retailers, including new electricity and gas retailers, will be able to pass on discounts on their free tariffs.
1. Summary of content
The tariff support for electricity and gas bills is part of an “emergency support to overcome extreme heat” policy and consists of implementing tariff reductions based on the amount consumed during the months of August, September and October 2024.
In the tariff plans for city gas and electricity, the regulated retail tariffs will be set in accordance with the general conditions of supply, etc. approved by the Minister of Economy, Trade and Industry. Therefore, any implementation of reduced prices in regulated retail tariffs requires authorization/approval under conditions different from those stipulated in the general conditions of supply, etc. On this occasion, the Minister of Economy, Trade and Industry received applications from city gas and electricity retailers dated 17 and 18 July 2024.
METI has therefore verified the compliance of the content of their requests with the Electricity Trade Act and the Gas Trade Act and has recognised that it was necessary to provide exceptional measures to respond to them. It has therefore authorised/approved them today, taking into account the Electricity and Gas Trade Supervisory Committee.
Eligibility
This measure will allow to electricity and gas companies who have applied for continue to offer discounts off regulated retail rates.
In addition, companies will be able to still offer discounts on free fares. For these, operators can set without authorization/approval, provided that they, including new electricity and gas retailers, participate in the electricity and gas bill tariff support project.
2. Content of requests
For each company in point 3., the unit price per quantity consumed, calculated for gas and electricity bills (unit price for adjustment of the cost of fossil fuels, standard unit price or adjusted unit price) corresponds to the amounts calculated in accordance with the general conditions from which the amount in the table below has been subtracted.
3. List of electricity and gas suppliers who have submitted an application
(1) Reputable retail electricity suppliers (10 companies)
| Company | Legal entity number |
|---|---|
(2) Standard electricity transmission and distribution companies (10 companies)
| Company | Legal entity number |
|---|---|
(3) Companies known as gas retailers (1 company)
| Company | Legal entity number Corporate Number |
|---|---|
(4) Companies operating gas pipelines (2 companies)
| Company | Legal entity number Corporate Number |
|---|---|
Related links to this topic
On the exceptional approval of the Bureau of Economy, Trade and Industry
Today, the Kanto Bureau of Economy, Trade and Industry granted special permission to four companies
- NICHIGAS Corporation (Corporate Number 9010001061924),
- Atami Gas Corporation (Corporate Number 5080101012519),
- Keiyo Gas Corporation (Corporate Number 8040001026108),
- Bushu Gaz Corporation (Corporate Number 7030001055496).
Similarly, the Kyushu Bureau of Economy, Trade and Industry granted the same authorization to a company
- Nankai Gas Corporation Nankai Gas Corporation Corporation Number 4340001010679.
These special authorizations allow these companies to offer discounts on regulated retail rates. Refer to the link below to read the press releases.
Kantō Bureau of Economy, Trade and Industry
Kyushu Bureau of Economy, Trade and Industry 九州経済産業局
On the tariff support of electricity and gas bills
The tariff support for electricity and gas bills consists of a reduction in the amounts that can be seen directly on monthly bills. It will thus directly alleviate the burden on households and businesses in difficulty in the face of price variations.
Tariff support for electricity and gas bills / Agency for Natural Resources and Energy
Responsible departments
- For tariff support of electricity and gas bills
Agency for Natural Resources and Energy Electricity and Gas Business Department
Policy Division, Head of Institutional Planning and Coordination, Mr. Uematsu
Responsible: Seno, Miwa
Tél : (Standard) 03-3580-1511 (Extension 4737)
Courriel : bzl-denkigas-gekihenkanwa★meti.go.jp
※ Replace ★ with @.
- On the law on electricity trade
Agency for Natural Resources and Energy Electricity and Gas Business Department
Head of the Energy Industry and Markets Bureau Chikushi
Responsible parties: Wada, Kaneko, Fukakasa.
Tél : (Standard) 03-3580-1511 (Extension 4741)
Courriel : bzl-seido-dennichi★meti.go.jp
※ Replace ★ with @.
- On the gas trade law
Agency for Natural Resources and Energy Electricity and Gas Business Department
Head of Gas Market Development Bureau Fukuda
Responsible parties: Sugiura, Kawanishi.
Tél : (Standard) 03-3580-1511 (Extension 4751)
Courriel : bzl-gas-market★meti.go.jp
※ Replace ★ with @.
