Kansai Electric overcharged about 4.92 million contracts and submitted a recurrence-prevention report to METI, drawing regulatory scrutiny.
Impact on assets 1
Energy Transition & Power Demand
9503
▼ NegativeRegulationrelevance
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 Electric overcharged about 4.92 million contracts and submitted a recurrence-prevention report to METI, drawing regulatory scrutiny.