• Kyodo

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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.

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