TOKYO -- Soaring fuel prices are driving some new power retailers out of business and forcing many of those that remain to operate with ever-mounting losses. About 20% of these companies by late November had been forced to withdraw from the business or file for bankruptcy, according to Tokyo business research company Teikoku Databank.
Energy
Ukraine war decimates Japan's small power retailers
High fuel costs put 20% of nation's new utilities in dire straits, data shows
Many utilities in Japan are buying electricity at prices that are higher than they can sell it for.
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