← Back

Kansai Electric Power Company, Incorporated

The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and 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 power generation plants. It also involved in the power transmission and distribution business; the provision of information and communication services for homes and businesses under the eo Hikari brand; mobile business under the mineo business; corporate solution business; and real estate leasing, sales, and management activities; and leisure, leasing, call center management, medical and health care, and home security businesses. In addition, the company engages in the design, construction, operation, maintenance, and management of power generation, power distribution, electrical, and information communication facilities, and information and communication equipment; manufacture and sale of electrical wiring hardware, insulators, bushings, steel pipe poles, concrete poles, and other electrical distribution equipment and materials; housing equipment sales; remodeling work; and passenger/freight transportation. Further, it involved in the survey and research on safety technology for nuclear power generation, survey/design /construction supervision related to civil engineering, etc.; acceptance/ storage/construction supervision related to civil engineering, etc.; and provision of survey, analysis, consulting, and construction services related to the environment, civil engineering, and architecture, as well as public relations and engineering services. The Kansai Electric Power Company, Incorporated was incorporated in 1951 and is headquartered in Osaka, Japan.

Price · split & dividend adjusted
News & notes moving 9503.JP
Energy Transition & Power Demand2

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.
時事通信·7dRead more ▾
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.
時事通信·29dRead more ▾