The earthquake, tsunami and resulting damage to the Fukushima nuclear power plant, triggered by the Great East Japan Earthquake on March 11, 2011, also caused a seismic shift to the Japanese energy market—especially power generation. Before the disaster, the Japanese government attempted a power market reform numerous times, but Japan’s utilities prevailed. A year after the terrible events, however, Japan’s new feed-in tariffs (FITs) for renewable energy, as well as the first phase of the power market reform, launched renewable energy generation and demand that has made Japan ...
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