News Japan to cut household electricity bills by 20%

[thomas]

A new assistance package by the Japanese government is expected to cost around 25 trillion JPY (170bn USD): Japan will cut household electricity bills by about 20% early next year under a new economic package amid accelerating inflation. Lowering household electricity bills by 7 JPY per kilowatt-hour will be a main pillar of the package.

For companies, the government will provide support of 3.5 JPY per kilowatt-hour, according to the source. In addition to electricity, an average household is expected to save about 900 yen in monthly city gas service charges, with the government providing support of 30 JPY per cubic meter of consumption. Combining utility bill support with an ongoing subsidy program for oil wholesalers to help reduce retail gasoline and kerosene prices, a Japanese household could save a total of about 45,000 JPY from January through September.

Paywall alert:

Japan to cut household electricity bills by 20% to fight inflation

Assistance package expected to cost around $170bn

asia.nikkei.com