Last Updated July 22, 2019

Law and Practice

Authors



Nagashima Ohno & Tsunematsu is one of the foremost providers of international and commercial legal services based in Tokyo. The firm has over 450 lawyers, including over 30 experienced foreign attorneys from various jurisdictions, and its overseas network includes offices in New York, Singapore, Bangkok, Ho Chi Minh City, Hanoi and Shanghai, and collaborative relationships with prominent local law firms throughout Asia and other regions. The firm regularly advises leading power utilities, trading companies and investors on their energy projects as well as regulatory matters, and financial institutions on financing on those projects. The firm has dealt with a number of renewable power projects since the introduction of the feed-in tariff in Japan. The firm represented Tokyo Electric Power Company Group on establishing an alliance platform with Chubu Electric Power Co, Ltd in the fuel and power business (including the establishment of a joint venture company, JERA).

With the exception of more than 50% of the shares in Tokyo Electric Power Company Holdings, Incorporated that are held by the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, a quasi-governmental institution established in response to the Fukushima nuclear incident in 2011, half of whose capital is funded by the government, Major Utilities are investor-owned companies whose stock is listed on a stock exchange in Japan and freely traded in the market.

Generation

As of the end of April 2019, there are 763 Electricity Generation Business licence-holders.

The principal Electricity Generation Business Operators are Major Utilities or their wholly-owned subsidiaries (JERA Co., Inc.; Tokyo Electric Power Company Holdings, Incorporated; Chubu Electric Power Company, Incorporated; The Kansai Electric Power Company, Incorporated; Tohoku Electric Power Company, Incorporated; Kyushu Electric Power Company, Incorporated; The Chugoku Electric Power Company, Incorporated; Hokkaido Electric Power Company, Incorporated; Hokuriku Electric Power Company, Incorporated; Shikoku Electric Power Company, Incorporated; and The Okinawa Electric Power Company, Incorporated) and J-Power.

Transmission and Distribution

As of the end of April 2019, there are ten General Electricity Transmission and Distribution Business licence-holders, three Electricity Transmission Business licence-holders and 31 Specified Electricity Transmission and Distribution Business licence-holders. 

The main transmission and/or distribution network operators are Major Utilities or their wholly-owned subsidiaries (TEPCO Power Grid, Incorporated; The Kansai Electric Power Company, Incorporated; Chubu Electric Power Company, Incorporated; Tohoku Electric Power Company, Incorporated; Kyushu Electric Power Company, Incorporated; The Chugoku Electric Power Company, Incorporated; Hokkaido Electric Power Company, Incorporated; Shikoku Electric Power Company, Incorporated; Hokuriku Electric Power Company, Incorporated; and The Okinawa Electric Power Company, Incorporated) and J-Power.

Retail

Since 1995, the Retail Electricity Business has been gradually liberalised. After full liberalisation of the retail electricity market in 2016, the number of licence-holders of Retail Electricity Business has grown significantly from 57 in August 2015 to 588 in May 2019. Although most of them are investor-owned companies, there are some retail electricity suppliers owned by municipal governments.

The main retail electricity suppliers are Major Utilities or their wholly-owned subsidiaries (TEPCO Energy Partner, Incorporated; The Kansai Electric Power Company, Incorporated; Chubu Electric Power Company, Incorporated; Tohoku Electric Power Company, Incorporated; Kyushu Electric Power Company, Incorporated; The Chugoku Electric Power Company, Incorporated; Hokkaido Electric Power Company, Incorporated; Shikoku Electric Power Company, Incorporated; Hokuriku Electric Power Company, Incorporated; and The Okinawa Electric Power Company, Incorporated) and ENNET Corporation.

It is noted that those principal retail electricity suppliers (except for ENNET Corporation) occupy a dominant share of electricity supply. As of February 2019, the sales share of the electricity supplied by other retail suppliers (including ENNET Corporation) is approximately 14.6%.

Nagashima Ohno & Tsunematsu

JP Tower
2-7-2 Marunouchi
Chiyoda-ku
Tokyo
Japan
100-7036

+81 3 6889 7000

+81 3 6889 8000

info@noandt.com www.noandt.com
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Authors



Nagashima Ohno & Tsunematsu is one of the foremost providers of international and commercial legal services based in Tokyo. The firm has over 450 lawyers, including over 30 experienced foreign attorneys from various jurisdictions, and its overseas network includes offices in New York, Singapore, Bangkok, Ho Chi Minh City, Hanoi and Shanghai, and collaborative relationships with prominent local law firms throughout Asia and other regions. The firm regularly advises leading power utilities, trading companies and investors on their energy projects as well as regulatory matters, and financial institutions on financing on those projects. The firm has dealt with a number of renewable power projects since the introduction of the feed-in tariff in Japan. The firm represented Tokyo Electric Power Company Group on establishing an alliance platform with Chubu Electric Power Co, Ltd in the fuel and power business (including the establishment of a joint venture company, JERA).

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