Google the title, rising by an average of 50 yen per household. Government has no choice but to continue allowing these hikes, as the utilities have a legal responsibility to their shareholders to be profitable. Few more of these hikes, and I suspect the public will simmer about the nuke restarts.
In other news, I can't seem to find any mentioning of the utility de-regulation bill passing the Diet this week, which means it was put off until after the July 21 election. Another big win for TEPCO.
I have been monitoring tepco closely in the japan market and it looks suspiciously like there's massive consolidation over the last one week. The price refuses to move much no matter what the market goes up heavily or down heavily and it's very odd since Tepco is usually the most heavily traded.
I am suspecting that it's going to start climbing bit by bit this week already as it draws nearer to 8 July.
What's July 8? The Diet elections are scheduled for the 21. I've also noticed that volume in June was only a fraction of what it was over the past two months during its rise, another sign that there's consolidation going on.