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.
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