A study on the J-POWER’s Complete Privatization

In 1951, nine electric power companies (NEPC) were established by the reorganization of the electric power industry in the post-Second World War period. These companies exhibited characteristics of a private company, including vertical integration of generation, transmission, and distribution, as well as regional monopoly. In the following year, the Electric Power Development Company (J-POWER), a wholesale power company, was established by a government initiative under the Electric Development Promotion Law. This initiative was undertaken with the objective of overcoming serious power shortages and increasing the supply of electricity.