Gas rates for February 2017

based on fluctuation in gas resource cost and adjustment of gas rates (Tokyo District, etc.)

Tokyo Gas Co., Ltd.

In accordance with the provisions for gas rate adjustment system, Tokyo Gas has set the unit commodity charge for meter readings in February 2017 upward by 1.57 yen per cubic meter (45MJ, tax included) relative to the corresponding charge for meter readings in January 2017.

The adjustments are made based on average resource costs in September 2016- November 2016.

With these adjustments, for meter readings during February 2017 of the standard household consuming 32m3(45MJ/ month) in the Tokyo district, etc., the monthly gas tariff will increase by 50 yen (tax included) from that of January 2017 (previous month).

  1. Supply contract rate

    Rate A

    Rate B

    Rate C

    Rate D

    Rate E

    Rate F

    Monthly consumption volume

    0 to 20m3

    21 to

    80 m3

    81 to

    200 m3

    201 to

    500 m3

    501 to

    800 m3

    over 801 m3

    Basic charge (yen/month)

    745.20

    1,036.80

    1,209.60

    1,857.60

    6,177.60

    12,225.60

    Commodity charge(yen/m3)

    126.47

    111.89

    109.73

    106.49

    97.85

    90.29

    Commodity charge (yen/m3) January 2017

    124.90

    110.32

    108.16

    104.92

    96.28

    88.72

    (Application of rate schedule AF as appropriate for the amount of gas use in the month in question)

    *Calculated based on 8% tax

  2. Effect on a standard customer in residential sector

    yen/month

    Monthly consumption volume of 32 cubic meters(45MJ/m3)

    Charge applied for January 2017 (tax included)

    Charge applied for February 2017 (tax included)

    Change

    Including the national consumption tax

    4,567

    4,617

    50

    *The volume of standard household is calculated based on the average of 5years (FY2006-2010) usage per household per month.

    Aug. 2016- Oct. 2016

    Sept. 2016- Nov. 2016

    Difference

    Standard average gas resource price (1)

    57,250

    Average gas resource price (2)

    36,910

    38,750

    1,840

    LNG

    36,900

    38,680

    1,780

    LPG

    35,410

    38,230

    2,820

    Difference (2) - (1)

    -20,300

    -18,500

    1,800

  3. Fluctuation in gas resource prices

    Note: Both LNG and LPG prices are based on customs clearance statistics.

    :"Difference(2)-(1)" are rounded down to the nearest hundred yen

  4. Calculation of unit charge adjustment

Calculation of unit charge adjustment for gas resource costs

*Calculated based on 8% tax

Calculation of average gas resource prices

38,680 yen/ton

Average LNG price x 0.9479

38,230 yen/ton

(customs clearance statistics value)

Average LPG price x 0.0546

(customs clearance statistics value)

+)

yen/ton

38,752.13

(rounded to the nearest ten yen)

38,750 yen/ton

Calculation of the amount of gas resource price fluctuation

38,750 yen/ton

-18,500 yen/ton

- 57,250 yen/ton =

(omission of amounts less than 100 yen)

-18,500 yen/ton

-18,500 yen

Calculation of the adjusted rate (charge per cubic meter) Adjusted rate= / 100 yen x 0.08748 (*) (unit charge)

-16.19 yen

= (rounding up of amounts less than 0.01 yen)

*:The unit commodity charge is adjusted by 0.08748(0.081×1.08) yen per cubic meter for every 100 yen of fluctuation

* Effect on a standard customer in residential sector

yen/month

Monthly consumption volume of 32 cubic meters(45MJ/m3)

Charge applied for January 2017

Charge applied for February 2017

Change

Including the national consumption tax

4,567

4,617

50

*Method of calculation for the standard gas rate in residential sector (including the national consumption tax)

Gas rate (Tokyo district, etc., tax included, rounded down to the nearest yen)

= Basic charge (1,036.80 yen)

-16.19 yen

+ Commodity charge (128.08 yen + ) x 32m3

↑ ↑

Standard commodity charge at the time of notification of the tariff revision (tax-included)

Unit commodity charge (tax-included)

Reference: Outline of the gas resource cost adjustment scheme

  • The scheme provides for adjustment of the unit commodity charge in gas rates (i.e., the charge per cubic meter of gas consumed) every month in correspondence with fluctuation in gas resource prices owing to factors such as exchange rates and crude oil prices.

  • The unit commodity charge is adjusted by 0.08748 yen per cubic meter (0.081 multiplied by 1.08(consumption tax)) for each 100 yen of fluctuation in gas resource price, based on the difference between the standard average gas resource price (57,250 yen per ton) and average gas resource price (calculated on the basis of weighted average cost of LNG and LPG import prices in the previous 3-5 months).

  • The fluctuation in gas resource prices is calculated on the basis of actual values in customs clearance statistics for both LNG and LPG.

  • Arrangement has been made to avoid price hike.

Even if the average gas resource price exceeds the upper limit of 91,600 yen, the amount of 91,600 yen is applied in the calculation of the gas rate adjustment.

Tokyo Gas Co. Ltd. published this content on 27 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 December 2016 06:02:06 UTC.

Original documenthttp://www.tokyo-gas.co.jp/Press_e/20161227-01e.pdf

Public permalinkhttp://www.publicnow.com/view/A83778F56E5995183BB3F5DE809DE17718CB3657