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Chubu Electric and Miraiz fined $180,000, Toho Gas issued warnings in Japan's new utility collusion case

By Toko Sekiguchi ( March 4, 2024, 11:20 GMT | Insight) -- Japan’s Chubu Electric Power, along with its subsidiary Chubu Electric Power Miraiz, were ordered to pay 27 million yen ($180,000) today for colluding on tenders for large-scale commercial accounts with Toho Gas in Japan’s central region. While Toho Gas escaped penalties for colluding on bids by self-reporting to the Japan Fair Trade Commission, it was issued warnings for suspected information collusion, in a multi-layered case that the regulator said stemmed from the utility companies sharing sales information in a market undergoing drastic changes due to government-mandated privatization.Japan’s Chubu Electric Power, along with its retail subsidiary Chubu Electric Power Miraiz, were ordered to pay 27 million yen ($180,000) today for colluding on tenders for large-scale commercial accounts with Toho Gas in Japan’s central region....

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