Nissan to trade in Japan electricity market

Wins license to buy and sell electricity in the nation’s wholesale power market.

Nissan Motor Company, Japan’s second-largest automaker, received a similar license in 2012. The company joins a growing number of non-energy companies entering the Japanese wholesale power market. Electricity prices have risen after the 2011 Fukushima disaster resulted in most nuclear plants nationwide being shut down.

Established in 2003, the power exchange had 61 trading members as of March 19.