Kyushu Electric Power

Raising household tariffs with every reactor idle, and applying to restart Sendai 1 and 2 first (2013)

Key decision·2013· Kyushu Electric Power — the full company history →

¥1.24, and two years and three months

The decision of 2013 was taken where three timescales failed to mesh. Fuel costs went out by the month; a tariff revision took close to half a year from application to approval; the safety review of a reactor took years. What Kyushu Electric chose was a combination — hold the immediate position with the fastest-acting instrument, and entrust the recovery of the accounts to the slowest one. That the increase was cut from the 8.51% applied for to 6.23% shows how far that immediate support was a thing decided by assessment rather than by management.

How the decision looks changes with where the figures are placed. From the company’s side it was a loss of ¥332.5 billion and a rationalization programme on the order of ¥140 billion. From the customer’s side it was ¥1.24 per kilowatt-hour, about ¥220 a month for a standard household. On the side of the host communities stand more than ¥25 billion in siting grants, more than ¥50 billion in property taxes, and petition signatures reaching a majority of the population. Two years and three months after the increase took effect, on 11 August 2015, the reactor of Sendai No. 1 was started up.

Revenue and net margin, FY2008–FY2018

Revenue in ¥ bn (bars) and net margin in % (line), for the years around the decision. Shaded columns are FY2013 onwards — after it was taken.

Source: securities reports

Read the full dossier in Japanese →

The Japanese edition carries the complete record of this decision — the situation that forced it, the options weighed, what actually followed, and the sources behind every claim.

Other key decisions at Kyushu Electric Power


Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; the revenue chart is shown in yen. Exchange rates & sources — the full ¥/US$ table →


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