Japan opens up power sector

The Japanese government is primed to overhaul its power sector in a restructuring aimed at bringing down generation costs.

Prime Minister Shinzo Abe‘s (pictured) cabinet has approved a plan to split utilities’ generation and transmission businesses and open Japan‘s residential electricity market to competition.

Prime Minister Shinzo Abe
The restructuring is the biggest overhaul to take place since the 1950s and is part of a five year plan set to commence in 2015, and is seen as part of an ongoing transformation prompted by Fukushima.

“This reform targets the whole system, from upstream generation to downstream consumption. More choice should lead to lower rates,” said Toshimitsu Motegi, the industry minister.

For more power policy and regulation news

No posts to display