Gas rates for November 2016

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 November 2016 Upward by 0.53 yen per cubic meter (45MJ, tax included) relative to the corresponding charge for meter readings in October 2016.

The adjustments are made based on average resource costs in June 2016 - August 2016.

With these adjustments, for meter readings during November 2016 of the standard household consuming 32m3(45MJ/ month) in the Tokyo district, etc., the monthly gas tariff will increase by 16 yen (tax included) from that of October 2016 (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)

    122.71

    108.13

    105.97

    102.73

    94.09

    86.53

    Commodity charge(yen/m3) October 2016

    122.18

    107.60

    105.44

    102.20

    93.56

    86.00

    (Application of rate schedule A～F 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 October 2016 (tax included)

    Charge applied for November 2016 (tax included)

    Change

    Including the national consumption tax

    4,480

    4,496

    16

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

    May 2016-Jul. 2016

    Jun. 2016- Aug. 2016

    Difference

    Standard average gas resource price (1)

    57,250

    Average gas resource price (2)

    33,820

    34,380

    560

    LNG

    33,420

    34,120

    700

    LPG

    39,230

    37,320

    -1,910

    Difference (2) - (1)

    -23,400

    -22,800

    600

  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

34,120 yen/ton

Average LNG price x 0.9479

37,320 yen/ton

(customs clearance statistics value)

Average LPG price x 0.0546

(customs clearance statistics value)

+)

yen/ton

34,380.02

↓(rounded to the nearest ten yen)

34,380 yen/ton

Calculation of the amount of gas resource price fluctuation

34,380 yen/ton

-22,870 yen/ton

- 57,250 yen/ton =

(omission of amounts less than 100 yen)

↓

-22,800 yen/ton

-22,800 yen

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

-19.95 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 October 2016

Charge applied for November 2016

Change

Including the national consumption tax

4,480

4,496

16

*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)

-19.95 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 29 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 06:10:08 UTC.

Original documenthttp://www.tokyo-gas.co.jp/Press_e/20160929-01e.pdf

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