• Bloomberg

  • SHARE

Japan plans to revise its power pricing system next year to better reflect fluctuations in fuel costs while minimizing the impact on consumers, trade minister Toshihiro Nikai said Friday.

Representatives from power companies, consumer groups and experts will meet in mid-October to work out how to revise the current system. Under the old method, in place since 1996, power companies are able to adjust prices each quarter to pass on part of their fuel expenses.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW