{"id":82229,"date":"2012-11-28T10:18:00","date_gmt":"2012-11-28T01:18:00","guid":{"rendered":"http:\/\/fukuoka-now.com\/?post_type=news&p=30394"},"modified":"2016-04-01T03:02:44","modified_gmt":"2016-03-31T18:02:44","slug":"kyushu-electric-to-hike-rates","status":"publish","type":"news","link":"https:\/\/www.fukuoka-now.com\/en\/news\/kyushu-electric-to-hike-rates\/","title":{"rendered":"Kyushu Electric To Hike Rates"},"content":{"rendered":"

Kyushu Electric Power Company announced yesterday that they are planning to increase household electricity rates by 8.51% and corporation\/enterprise electricity rates by 14.22%. An average \u00a5378 increase per month for household electricity bills is expected after April 2013. The company official stated that this increase is necessary in order to stabilize the company\u2019s future. The last rate hike last happened 32 years ago in 1980 during the second oil shock. The company will also reduce staff salaries. For example an employee earning \u00a58,260,000\/year will be reduced to \u00a56,500,000. This is the first large scale pay cut since 1951. A savings of 16.8 billion yen per year is expected. They will cut down expenses on advertising and CSR projects. With the rate hike they can become profitable again in 2014. Source: Nishinippon Shimbun Nov 28, http:\/\/www.nishinippon.co.jp\/nnp\/item\/336233<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kyuden, Kyushu Electric Co., Ltd, has announced it has applied to the government to raise electricity prices by 8.51% for households and 14.22% for businesses. Kyuden also announced a 20% pay-cut for all employees. After government approval of the electricity price rise, changes will be introduced from Apr 1, 2013. Source: Nishinippon Shimbun Nov 28<\/p>\n","protected":false},"author":6391,"featured_media":0,"comment_status":"open","ping_status":"open","template":"","tags":[],"class_list":["post-82229","news","type-news","status-publish","hentry","news-category-business","en-US"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news\/82229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/users\/6391"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/comments?post=82229"}],"wp:attachment":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media?parent=82229"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/tags?post=82229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}