Wednesday, April 25, 2012

No. 47: The purchase price of electricity generated by photovoltaic generation is preliminarily set at 42 yen per kW (April 25, 2012)

Business trend
The Japanese government started making arrangements with authorities concerned to set the purchase price of electricity generated by photovoltaic generation at 42 yen per kW including tax. The system that asks electric power companies to purchase all electricity generated by such renewable energies as sunlight and wind at a fixed price will be enacted coming July. The system is expected to remain effective for about 20 years.

Some authorities insisted that the purchase price should be less than 40 yen, but the committee on the purchase of renewable energy gave higher priority to stimulating generation by renewable energy. The preliminary price will be submitted to the meeting of the committee. The Minister of Economy, Trade and Industry will give the final approval to the decision of the committee.

 Photovoltaic generation on the rooftop of a house

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