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Oil Price Will Raise Gas and Electricity Bills

Date Posted: 2000-10-27

Soaring world oil prices will cause Okinawan utility fees to rise. An average family will see their electricity bill to go up by 57 from January. The gas bill will go up between 31 and 58.

The utility fees in Okinawa are adjusted regularly four times a year, according to fluctuations in yen-dollar rates and the cost of oil and natural gas in the world markets. The Okinawa Electric Power Co. just last month lowered the cost of electricity to consumers after its balance sheet showed a larger than expected profit.

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