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.

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