It’s now been four years since the Fukushima Daiichi accident, and with the world continuing to keep close watch, Prime Minister Shinzo Abe and Japan remain determined to find the shape of Japan’s future energy market. The market is due to undergo some heavy reforms, with Japan still searching for the most viable answers to some difficult questions. In April 2016, the retail sale of electricity will be fully liberalised in Japan, estimated to be worth about 7.5 trillion yen (£40 billion) of the market value open to new entrants. This will no doubt offer some exciting opportunities for British companies to really make a footprint on Japan’s energy market.
Article by Sam Maddicott, source Climate Change & Energy team, British Embassy Tokyo.