Japan's first electricity futures may spark market shake-up

TOKYO: The Tokyo Commodities Exchange will start trading Japan's first electricity futures on Sept. 17 after delays, a move that may boost competition in Japan's roughly US$130 billion power sector after liberalisation.

Liberalisation of the electricity market comes more than 10 years after similar moves in Europe and U.S. markets, Takamichi Hamada, chief executive of the Tokyo Commodities Exchange , said in an interview. Those that have are mostly power companies, he said, without being more specific on numbers or the identify of those. Eight brokers will handle transactions, he said.

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