Local News

Kyuden to Purchase Solar Energy from Households at Lower Rate

On June 6, Kyushu Electric Power Co. (Kyuden) announced that they will purchase electricity back from households with solar panels at a new rate of ¥7 per kilowatt hour after the existing feed-in tariff (FIT) system for renewable energy comes to an end. The FIT was introduced in 2009 and the purchase price was initially set at ¥48 to encourage interest in renewable forms of energy. Kyuden set the new lower rate in line with current market trends outlined by the Japan Electric Power Exchange (JEPX). Source: The Sankei News, 6/7/2019

Photo for image purpose only. Source: Σ64

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Category
Business
Fukuoka City
Published: Jun 12, 2019 / Last Updated: Jun 12, 2019

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