TOKYO -- A group of 17 trading, power and gas companies, as well as Soros Capital Management, will invest 5 billion yen ($32 million) in a Japanese startup operating an online electricity exchange, Nikkei has learned, in an effort to smooth out wholesale prices and help small power retailers compete.
Energy
Soros family fund among investors in Japan electricity exchange startup
Enechain aims to stabilize wholesale prices to spur new entrants into retail market
JERA, Japan's largest power producer, is among the companies investing in energy exchange operator Enechain. (JERA)
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