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Japan passes law to break up electric utility monopolies
New law paves way to break up electricity monopolies
KYODO
NOV 13, 2013
In light of the Fukushima nuclear crisis, the Diet enacted a law Wednesday to begin a drastic, three-stage reform of the electricity sector that will free up the regionally monopolized supply system.
The law will enable the creation of a nationwide power grid operator in about 2015 as the first part of the reform, and sets a timeline for fully liberalizing the retail market and separating utilities’ power generation and transmission businesses by around 2020.
The government has been seeking to overhaul the power industry after the earthquake and tsunami in March 2011 and ensuing Fukushima nuclear disaster led to power shortages and exposed the vulnerability of the existing electricity supply system.
As a result of the planned reform, the 10 utilities’ regional monopolies on supplying power to households will come to an end, and market competition is expected to increase with the entry of more suppliers, including those dealing with renewable energy.
This will enable ...
KYODO
NOV 13, 2013
In light of the Fukushima nuclear crisis, the Diet enacted a law Wednesday to begin a drastic, three-stage reform of the electricity sector that will free up the regionally monopolized supply system.
The law will enable the creation of a nationwide power grid operator in about 2015 as the first part of the reform, and sets a timeline for fully liberalizing the retail market and separating utilities’ power generation and transmission businesses by around 2020.
The government has been seeking to overhaul the power industry after the earthquake and tsunami in March 2011 and ensuing Fukushima nuclear disaster led to power shortages and exposed the vulnerability of the existing electricity supply system.
As a result of the planned reform, the 10 utilities’ regional monopolies on supplying power to households will come to an end, and market competition is expected to increase with the entry of more suppliers, including those dealing with renewable energy.
This will enable ...
http://www.japantimes.co.jp/news/2013/11/13/national/new-law-paves-way-to-break-up-electricity-monopolies/#.UoPo-CgyHdk
