Timely change: A natural gas power station in Kawasaki city. Japan says it sees a need to reform its energy sector so that it will promote the expansion of clean energy. — AFP
TOKYO: In a couple of years, Japan will be paying the highest rates in the world to incumbent power utilities simply for maintaining generation capacity, including coal and nuclear plants, to help meet electricity demand in times of scarcity.
That windfall comes at a time when Japan is seeking to liberalise its market, encourage new entrants and boost the use of renewables.
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