March 1 (Bloomberg) -- Japan’s preferential rates for surplus solar power for the three months starting April 1 will be unchanged from current rates, the government said.
Utilities will pay 42 yen (52 U.S. cents) a kilowatt-hour for the power generated by homes and 40 yen for non-residential installations, the Ministry of Economy, Trade and Industry said in a statement today.
The prices will be valid until July, when Japan starts a feed-in tariff program that will pay above-market rates for clean energy, including solar and wind power. Rates for the feed-in tariff program haven’t been decided.
The ministry plans to retain the preferential rate program for residential surplus solar power after July, according to Masato Yasuda, a trade ministry official in charge of promoting renewable energy. Surplus solar power from non-residential facilities will be bought under the tariff program, he said.
The ministry usually sets rates for surplus solar power in March for the financial year starting April 1.
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