Contributed By Nagashima Ohno & Tsunematsu
EGC was established on 1 September 2015, half a year before the retail sector of electricity was fully liberalised on 1 April 2016. Among EGC’s missions is to ensure the impartiality, fairness and soundness of trades of electricity and gas, and to promote competition in the market.
Under the Electricity Business Act, EGC has responsibility for market surveillance to secure the soundness and fairness of electricity business, and if any anti-competitive behaviour is detected in an electricity business operator, EGC may give a warning to such electricity business operator to improve its business, and advise the Minister of METI to issue an order to such electricity business operator to improve its business.
In addition, under the Act on Prohibition of Private Monopolisation and Maintenance of Fair Trade, the JFTC oversees the power industry and if any anti-competitive behaviour is detected, JFTC has the power to issue an order to a person who is found to conduct anti-competitive practice to take specific actions to eradicate such practice.