Printed from

Utilities fined $755 million for anti-competitive behaviour

Posted On: Mar. 31, 2023 9:50 AM CST

Japan's antitrust watchdog has fined utility firms Chugoku Electric Power Co., Inc., Chubu Electric Power Co., Inc and Kyushu Electric Power Co., Inc. more than 100 billion Japanese yen ($754.6 million) for their anti-competitive behavior and forming a cartel, Reuters reported. The regulator hit Chugoku Electric Power with the biggest fine of JPY70.7 billion amongst the three firms.