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