Electricity Bills to Swell in Japan as Utilities Are Switching to Solar Power Sources

According to the new national Japanese solar power program, companies in this country will pay 9 billion yen more for electricity in order to stimulate the development of renewable energy technologies. Japanese Trade Ministry report admits that the government will oblige all Japanese companies to purchase excessive amount of energy and pay the double price to help installing solar panels. This program will be implemented in November; however the customers of country’s major electricity generators will start paying twice as much as they used to in April. Such decision of the Japanese government was hinted by similar programs in Spain and Germany, which are designed to reduce the emissions of greenhouse gas and minimize the negative effect on the environment. This plant will reduce the expenses on solar panel installation and allow Japanese energy companies to increase their output of solar energy 40-fold by the year 2030. In accordance with the plan of the Japanese trade ministry, country’s households (having less that 10 kW capacity) are going to pay approximately 30 yen / month more and this quantity will soon rise to about 90 yen. As for the business units, the increase for them makes up to 24 yen per kilowatts-hour.