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Kansai Electric Power Company, Incorporated

The Kansai Electric Power Company, Incorporated engages in electricity, gas, and heat supply, as well as telecommunication and gas supply in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business. The company generates power from thermal, hydropower, wind, biomass, and nuclear plants, and is also involved in power transmission and distribution, information and communication services under the eo Hikari brand, mobile business under the mineo brand, corporate solutions, real estate leasing, sales and management, and leisure, leasing, call center management, medical and health care, and home security businesses. Additionally, it provides design, construction, operation, maintenance, and management of power generation, power distribution, electrical, and information communication facilities and equipment; manufactures and sells electrical wiring hardware, insulators, bushings, steel pipe poles, concrete poles, and other electrical distribution equipment and materials; sells housing equipment; performs remodeling work; and offers passenger and freight transportation. It also conducts survey and research on safety technology for nuclear power generation, survey/design/construction supervision related to civil engineering, acceptance/storage/construction supervision related to civil engineering, and provides survey, analysis, consulting, and construction services related to the environment, civil engineering, and architecture, as well as public relations and engineering services. The company was incorporated in 1951 and is headquartered in Osaka, Japan.

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Kansai Electric overcharged on electricity bills in 4.92 million cases, submits report to METI

Kansai Electric Power announced on the 29th that about 4.92 million contracts were affected by the overcharging of electricity bills it disclosed this month. The cases were mainly for ordinary households, and the company will refund the overcharged amounts "as early as possible." On the same day, it submitted a report to the Ministry of Economy, Trade and Industry containing measures to prevent recurrence. It had initially said the number of overcharged contracts was up to about 7.14 million, but as a result of its investigation the figure fell by more than 2.2 million. For most contracts the overcharged amount was at most 1 yen per month, totaling 14 million yen.
Kansai Electri… ▼
9503.JP · Regulation · Negative Kansai Electric overcharged about 4.92 million contracts and submitted a recurrence-prevention report to METI, drawing regulatory scrutiny.
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Japan
Energy Transition & Power Demand▼

Kansai Electric halts Mihama No. 3 reactor again after water leak near piping valve

Kansai Electric Power said on the 18th that it halted operations at the Mihama No. 3 reactor, which was undergoing adjustment operations, after a water leak was confirmed near a valve on piping that does not contain radioactive material. The timing for restarting operations is undecided, and the company said there is no impact on the environment. According to Kansai Electric, at around 3:45 p.m. on the 17th, an employee conducting a visual inspection confirmed water droplets leaking from insulation material around an air vent valve on the piping. Although there was no impact on reactor operations, the reactor was manually shut down at around 4 a.m. on the 18th.
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Energy Transition & Power Demand › Nuclear Generation & Utilities ▼Supply
9503.JP · Supply · Negative Kansai Electric halted the Mihama No. 3 reactor again after a water leak near a piping valve, with restart timing undecided, cutting its generating capacity.
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Japan
9503.JP▼2

Kansai Electric Overcharges Customers About 14 Million Yen

Kansai Electric Power announced on the 17th that it had miscalculated the costs underlying its electricity rates and had been overcharging customers in regulated sectors, including ordinary households, since April 2024. The impact is estimated at about 14 million yen, or at most 1 yen per month per contract. On the electricity rate front, Chubu Electric Power also announced overcharging on the 10th of this month, with the impact estimated at at least around 1.2 billion yen. Kansai Electric said it apologizes for causing concern and is considering how to refund the money.
Kansai Electri… ▼Chubu Electric… ▼
9503.JP · Regulation · Negative Kansai Electric announced it overcharged regulated-sector customers about 14 million yen since April 2024 and is considering refunds.
9502.JP · Regulation · Negative Chubu Electric announced it overcharged customers by at least around 1.2 billion yen due to miscalculated regulated electricity rates.
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Jiji Press·17dRead more →
Japan
Energy Transition & Power Demand▲

Kansai Electric and Tohoku Electric signal intent to join Mutsu interim storage facility

It was learned on the 16th that, in addition to Tokyo Electric Power Company Holdings and Japan Atomic Power Company, Kansai Electric Power and Tohoku Electric Power have indicated their intent to participate in the interim storage facility in Mutsu, Aomori Prefecture, which temporarily stores spent nuclear fuel from nuclear power plants.
Kansai Electri… ▲Tohoku Electri… ▲Tokyo Electric…
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Energy Transition & Power Demand › Nuclear Generation & Utilities ▲Supply
Energy Transition & Power Demand › Nuclear Fuel Cycle (Uranium & Enrichment) ▲Supply
9503.JP · Supply · Positive Kansai Electric signaled intent to join the Mutsu interim storage facility, securing a spent-fuel storage outlet.
9506.JP · Supply · Positive Tohoku Electric signaled intent to join the Mutsu interim storage facility, securing a spent-fuel storage outlet.
9501.JP · · Neutral Named as an existing participant in the Mutsu interim storage facility, no new development specific to it.
Japan Atomic Power Company · · Neutral Mentioned as an existing participant in the facility, no new development specific to it.
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Japan
Energy Transition & Power Demand▲3

Fukui Governor Gives Prior Approval to Kansai Electric's Dry Storage Facility

Fukui Governor Takato Ishida announced at a press conference at the prefectural office on the 28th that he has decided to give prior approval to Kansai Electric Power's plan to install a dry storage facility for temporarily storing spent nuclear fuel within the nuclear power plant premises.
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Energy Transition & Power Demand › Nuclear Generation & Utilities ▲Regulation
9503.JP · Regulation · Positive Fukui governor grants prior approval to Kansai Electric's plan to install a dry storage facility for spent nuclear fuel, advancing the project through the regulatory approval process.
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Japan
Energy Transition & Power Demand▲2

Kansai Electric Power to raise corporate electricity rates by 10 to 15 percent from November

Kansai Electric Power announced on the 19th that it will raise electricity rates for corporate customers starting in November. The increase, driven by soaring repair costs for power generation facilities amid rising prices, will be around 10 to 15 percent under the standard model. This marks the first increase in corporate electricity unit prices in 11 and a half years, since April 2015. The new rates will apply to new contracts signed on or after November 1, covering commercial use at supermarkets and other commercial facilities, as well as industrial use at factories.
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Energy Transition & Power Demand › Nuclear Generation & Utilities ▼Pricing
9503.JP · Pricing · Positive Kansai Electric Power raises corporate electricity rates by 10-15%, boosting revenue.
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Energy Transition & Power Demand

Offshore wind faces continued headwinds as BP withdraws; government expands support to retain developers

It has emerged that British oil major BP is considering withdrawing from the consortium selected as the developer for the offshore wind project off the coast of Yuza Town in Yamagata Prefecture. The move comes against a backdrop of soaring construction costs driven by global inflation. The project is expected to continue with the remaining partners, including Marubeni, Kansai Electric Power, and Tokyo Gas, but developers in other sea areas are voicing concerns about a potential domino effect of withdrawals from consortia. In its Strategic Energy Plan released in February last year, the government set a target of raising the share of wind power in the electricity mix to around 4 to 8 percent by fiscal 2040. However, headwinds persist, as a consortium led by Mitsubishi Corporation withdrew from three sea areas off Chiba and Akita prefectures, citing rising costs. The Ministry of Economy, Trade and Industry is stepping up financial support, including expanding participation in the long-term decarbonization power source auction and raising the ceiling on revenue guarantees, in an effort to retain developers.
BP.LSE ▼Mitsubishi Cor… ▼Marubeni Corpo… Kansai Electri… TOKYO GAS Co.,…
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Energy Transition & Power Demand › Wind ▼Pricing
BP.LSE · Supply · Negative BP is considering withdrawing from a Japanese offshore wind project due to soaring construction costs.
8058.JP · Supply · Negative Mitsubishi Corporation-led consortium withdrew from three offshore wind areas due to rising costs.
8002.JP · Supply · Neutral Marubeni is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
9503.JP · Supply · Neutral Kansai Electric Power is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
9531.JP · Supply · Neutral Tokyo Gas is a remaining partner in the project BP may exit, but faces potential domino effect of withdrawals.
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