TOKYO -- Tokyo Electric Power Co. Holdings will raise rates 30% on contracts for businesses left in the dark by independent power suppliers that have gone bankrupt due to soaring energy prices, Japan's largest power company said Friday.
Inflation
Tokyo utility TEPCO ups rates 30% for companies stranded by power providers
Japan electricity market exodus makes customers seek contracts of last resort
As energy prices soar, rates for stranded customers in Japan fell below market levels. (Photo by Konosuke Urata)
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