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Japan's power exchange weighing fee cuts for big utilities

TOKYO -- The operator of Japan's only open wholesale power exchange is looking at offering major providers service-fee discounts as a way to encourage them to sell more electricity on the platform.

The Japan Electric Power Exchange, or JEPX, currently charges Tokyo Electric Power Co. Holdings units, Kansai Electric Power and other big utilities 1 million yen ($9,668) per month. But that fee may be slashed by 10% if a company sells 10% of the electricity its power stations are capable of supplying. The discount would jump to 20% if the same percentage of electricity is put on the exchange. JEPX will later hammer out the exact deductions.

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