May 15, 2015

Government approves 8.36% price hike for Kepco

The government on Friday approved hiking electricity rates for Kansai Electric Power Co.’s household subscribers by an average of 8.36 percent, effective June 1. Kansai Electric will, however, limit the hikes to 4.62 percent on average for the first four months to lessen the ...

May 12, 2015

Kepco to raise household electricity rate by 8.36%

Kansai Electric Power Co. will raise the amount it charges households for electricity by an average of 8.36 percent starting June 1, industry minister Yoichi Miyazawa said Tuesday. Higher imported fossil fuel costs are weighing on the firm’s earnings in the absence of nuclear ...

Apr 19, 2015

Osaka Gas boss targets Tokyo market

Osaka Gas Co. is mulling various tieup options ahead of the full liberalization of the retail electricity market in fiscal 2016 and the gas retailing market in 2017, President Takehiro Honjo said in a recent interview. “Tokyo is an attractive market,” Honjo said, expressing ...

Apr 17, 2015

Current nonnuclear power capacity should suffice for summer: METI

Japan is expected to secure the minimum required power supply capacity this summer, the industry ministry said Thursday, meaning electricity supply will be sufficient during the high-demand season even if none of the country’s nuclear reactors resumes operation by then. Although the government is ...

Apr 7, 2015

LDP proposes future energy policy heavy on nuclear power

Ruling party lawmakers proposed to Prime Minister Shinzo Abe on Tuesday that Japan generate around 60 percent of its electricity from stable sources, a figure that meets international standards but also suggests continued reliance on nuclear power. The share of “base-load” power sources, which ...

Apr 1, 2015

Japan takes first step in power sector reform

Japan has taken the first step in its power industry shake-up with by establishing a nationwide grid management body on Wednesday, following the 2011 earthquake and tsunami that exposed the vulnerability of the nation’s power system and pushed up electricity prices. The entity, called ...

Mar 4, 2015

Competition to grow in Japan's ¥10 trillion energy markets

Competition within Japan’s ¥10 trillion electricity and gas retail markets looks certain to increase under full liberalization being pushed by the Cabinet. At a meeting Tuesday, Prime Minister Shinzo Abe’s team approved bills that would promote electricity and gas industry reforms aimed at liberalization. ...

Feb 27, 2015

Seven power suppliers to cut rates for April

Seven of the nation’s 10 major power suppliers will lower their electricity rates for April from the levels planned for March, thanks to the plunge in crude oil prices since last November, according to their latest rate plans. The seven are: Tohoku Electric Power ...

Feb 18, 2015

Britain approves world's largest offshore wind farm

Britain’s energy ministry has approved the Dogger Bank Creyke Beck offshore wind project, the world’s biggest offshore wind park, it said in a statement on Tuesday. The project, located in the North Sea, is being led by Forewind, a consortium comprising SSE, RWE, Statkraft ...