Japan's power utilities will lose their monopoly over electricity on Friday in an unprecedented shakeup that could give a much needed jolt to Japan's long stagnant economy.
Already, a price war has broken out among many of the more than 260 companies that will be allowed to sell electricity in Japan's US$70 billion retail market.
From April 1, Japanese consumers will be able to buy electricity from suppliers ranging from telecoms conglomerate Softbank and trading firm Marubeni to travel agency H.I.S. and a Hokkaido-based supermarket co-operative that has branched out into solar parks.
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Already, a price war has broken out among many of the more than 260 companies that will be allowed to sell electricity in Japan's US$70 billion retail market.
From April 1, Japanese consumers will be able to buy electricity from suppliers ranging from telecoms conglomerate Softbank and trading firm Marubeni to travel agency H.I.S. and a Hokkaido-based supermarket co-operative that has branched out into solar parks.
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