The Japanese Ministry of Economy, Trade and Industry (METI) has released data stating that the new feed-in tariffs to be implemented in July will increase household electricity bills by 1.2%. METI estimates that consumers will pay an additional ¥87 (USD$1.10) per month.
The exact amount is dependent on the region:
|Additional rate (¥)||75||78||84||99||78||81||99||105||111||99|
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.
Controversially, the Japanese government has also said that even with the generous FiT rates – higher than Germany and China – it will be reopening its nuclear reactors in Ohi within the next few weeks.