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Japan Retains Prices for Surplus Solar Power for April-June

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.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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