JAPAN ATOMIC INDUSTRIAL FORUM, INC.

for Japanese

ATOMS in JAPAN

8 April, 2015

Keidanren Survey: Businesses Affected Adversely by Rising Power Rates

On April 2, Japan’s Keidanren (Japan Business Federation: a comprehensive economic organization with a membership comprised of 1,309 representative companies of Japan) released the results of an urgent investigation on energy issues, undertaken by questionnaires sent to major companies in the country.

The questionnaires were sent to a total of 169 companies in January and February 2015, with replies received from 88 (55 manufacturers and 33 non-manufacturers), slightly more than half.

More than 80% of the respondents, when asked how they would be affected if electricity rates continue to rise, predicted their profit would fall or that the burden of energy-conservation measures would increase greatly.

To minimize the adverse effects of the burgeoning electricity bill on their businesses, the respondents said that the government should take such immediate actions as supporting the introduction of energy-saving equipment and products, as well as enabling the early restart of those nuclear power plants (NPPs) whose safety is confirmed.

Meanwhile, manufacturers, when asked how their business would be affected over the medium-range and long-range future if electricity rates were kept unbearably, 56.4% said that they would be forced to reduce domestic operations, while 42.6% said that they would expand their capital investments overseas. Increased power rates thus seem to be spurring the transfer of manufacturing activities overseas.

After the giant earthquake of March 2011 and the accident at the Fukushima Daiichi Nuclear Power Station, all NPPs in Japan were shut down. As they had to rely on their thermal power stations, all the country’s power companies were consequently forced to raise power rates as a result of increased fuel costs.

Even after the initial rate increase, Hokkaido Electric Power Co. hiked its rates again in November 2014. One month later, Kansai Electric Power Co. applied to the Agency for Natural Resources and Energy (ANRE) for permission to raise its rates again — a request that is still pending.

Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SNS facebooktwitter

NPPs Map

Video

Grossi on Fukushima: Marking a Decade Since the Accident

10 March, 2021
Grossi on Fukushima: Marking a Decade Since the Accident04:11

Recent News

18 November, 2021
METI Minister Speaks to IAEA International Conference on Decade of Progress Since Fukushima Daiichi Accident
15 November, 2021
Nuclear Energy’s Contribution to Achieving SDGs
8 November, 2021
COP26: Prime Minister Kishida Announces Additional Contribution of USD10 Billion for Climate Change Measures
30 October, 2021
Reelection of Suttsu Mayor Means Literature Investigation for HLW Disposal Will Continue
21 October, 2021
Kishida Makes First Visit to Fukushima Since Becoming Prime Minister
15 October, 2021
LDP Adds SMR Development and Nuclear Fusion to NPP Restarts in Its Policy Manifesto
7 October, 2021
Kishida Administration Inaugurated, with New METI Minister Hagiuda Holding Press Conference on Taking Office
6 October, 2021
IAEA Holds 65th General Conference in Vienna, with Japanese Minister of State for Science and Technology Delivering Statement in the General Debate
30 September, 2021
JAEC Releases 2020 White Paper on Nuclear Energy
17 September, 2021
NRA Permits Shimane-2 under New Regulatory Standards
14 September, 2021
IAEA Deputy Director General Evrard Visits Japan in Advance of Safety Review of ALPS-treated Water
1 September, 2021
Evaluation Report Issued by IAEA’s Review Mission to Fukushima Daiichi: First Visit since 2018
24 August, 2021
METI and IAEA Agree on Further Review Missions to Fukushima Daiichi
4 August, 2021
JAEA Restarts High-Temperature Engineering Test Reactor “HTTR”
2 August, 2021
Information about Fukushima Daiichi NPS Water Treatment
28 July, 2021
METI’s Committee Shows Rough Draft of Next Strategic Energy Plan
2 July, 2021
Mihama-3 Restarted After Decade-long Hiatus: First Restart in Japan of a Reactor Operating Beyond 40 Years
28 June, 2021
Mihama-3 Restarts after Decade-long Hiatus
25 June, 2021
New Canada-Japan Partnership Supports Greater Collaboration to Meet Climate Change Objectives and Net-zero Goals
24 June, 2021
METI Issues New Green Growth Strategy Through Achieving Carbon Neutrality
▲TOP