Japanese households to pay $1.1 more for monthly electricity bills
The new feed-in tariffs to be implemented by Japan in July will increase household electricity bills by 1.2%.
The Japanese Ministry of Economy, Trade and Industry estimates that consumers will pay an additional ¥87 or US$1.10 per month.
The exact amount is dependent on the region.
However, utilities will be paying a rate of ¥42 for systems of 10kW to buy electricity from renewable sources for up to 20 years, contributing a potential US$30 billion by 2016 for the local economy.