In a sign of reforms to come, newcomers snap at heels of Japan's utilities


  • World
  • Sunday, 15 Sep 2013

An aerial view shows the Tokyo Electric Power Co.'s (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant and its contaminated water storage tanks (top) in Fukushima, in this photo taken by Kyodo August 31, 2013.REUTERS/Kyodo

TOKYO (Reuters) - The Fukushima nuclear disaster is driving one of Japan's biggest industry overhauls since World War Two, as new, nimble suppliers take business from the big regional power monopolies, and manufacturers, from steelmakers to drinks firms, generate their own power and sell what they don't need.

The 10 powerful regional utilities, which still supply around 90 percent of Japan's electricity - even with the country's nuclear industry virtually idled since the 2011 disaster - are expected to be broken up into separate power generation and distribution companies anyway by 2020.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Men or bears? Women’s safety debate pops on social media
Trucker was watching Netflix in crash that killed grandparents, US cops say. He’s charged
Google unveils AI for predicting behaviour of human molecules
Microsoft’s Xbox�is planning more cuts after studio closings
Sperm whale speech – with ‘alphabet’ – is decoded. What other animals can AI translate?
US judge grills Apple exec about whether company is defying order to enable more iPhone payment options
Delivery app Getir’s rise and fall fuelled by billions of dollars and strategy conflicts
Australian startup mimics trees to make cheaper green hydrogen
Apple’s iPad ‘Crush’ ad causes uproar amid AI anxiety
Sheriff requests nude photos from female inmate in exchange for favourable treatment, US feds say

Others Also Read