Wednesday, May 9, 2012

UPDATE 1-Japan Panel to Set Solar Power Fee at 51 cents/kwh -Nikkei

A Japanese government panel is likely to recommend utilities pay 42 yen (51 cents) per kilowatt-hour (kwh) for solar power supplies in a feed-in tariff scheme, in line with requests by the solar power industry, the Nikkei business daily said.

Japan is overhauling its energy policy after the Fukushima nuclear crisis shattered public confidence in the safety of atomic power, and is set to introduce a new subsidy scheme from July which covers all kinds of renewable energy to support the budding market for domestically produced power.

The recommended rate for solar power includes tax and is to be paid for about 20 years, the report said on Monday. That is roughly double the rate that households pay for electricity usage and almost meets the solar power industry's request for 42 yen without tax, it added.

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