Japanese utilities expect a slow recovery in electric power demand toward March after a 5% drop in the April-June quarter though some are less confident that the worst is over.
FILE PHOTO: A worker puts up new logo of TEPCO Holdings and Tokyo Electric Power Company Group on the wall ahead of the transition to a holding company system through a company split at the TEPCO headquarters in Tokyo, Japan, March 31, 2016. REUTERS/Masayuki Terazawa/Pool/File Photo
In the April-June quarter, May was the weakest month with power demand falling 9%, according to the Organization for Cross-regional Coordination of Transmission Operators, Japan . “Power demand will slowly pick up, but it won’t return to the levels before the pandemic during this financial year,” he told an earnings news conference last week.
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