OREANDA-NEWS. In accordance with the provisions for gas rate adjustment system, Tokyo Gas has set the unit commodity charge for meter readings in October 2013 upward by 0.26 yen per cubic meter (45MJ, tax included) relative to the corresponding charge for meter readings in September 2013.

The adjustments are made based on average resource costs in May 2013– July 2013.

With these adjustments, for meter readings during October of the standard household consuming 32m3(45MJ/ month) in the Tokyo district, etc., the monthly gas tariff will increase by 9 yen (tax included) from that of September (previous month).

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 0.0861 yen per cubic meter (0.082 multiplied by 1.05(consumption tax)) for each 100 yen of fluctuation in gas resource price, based on the difference between the standard average gas resource price (66,180 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 105,890 yen, the amount of 105,890 yen is applied in the calculation of the gas rate adjustment.