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Business

Japan's big utilities to share more output with newcomers

Former regional monopolies to release at least 10% of output on exchange

TOKYO -- Japanese regional power utilities will make at least 10% of their own output available on the country's electricity exchange next fiscal year, answering a call from the government to share more with new power providers that lack generating capacity.

Tokyo Electric Power Co. Holdings and its peers, which once enjoyed monopolies on the sale of electricity within their blocs, have until now released only 2-3% of their output through the Japan Electric Power Exchange. All of them except Okinawa Electric Power have informed the Ministry of Economy, Trade and Industry of their intention to do more starting next fiscal year.

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