Power Generation, Transmission and Distribution 2026

JAPAN

Russia

China

N. Korea

Japan

S. Korea

Law and Practice Contributed by: Yutaro Fujimoto, Yurika Masakane, Hirokazu Tanaka and Yutaro Kato Nagashima Ohno & Tsunematsu

Tokyo

Contents 1. Structure and Ownership of the Power Industry p.165 1.1 Law Governing the Structure and Ownership of the Power Industry p.165 1.2 Principal State-Owned or Investor-Owned Entities p.167 1.3 Foreign Investment Review Process p.168

1.4 Sale of Power Industry Assets p.168 1.5 Central Planning Authorities p.169

1.6 Recent Changes in Law or Regulation p.170 1.7 Announcements Regarding New Policies p.172 1.8 Unique Aspects of the Power Industry p.174 2. Market Structure, Supply and Pricing p.175

2.1 The Wholesale Electricity Market p.175 2.2 Electricity Imports and Exports p.177 2.3 Supply Mix of Electricity p.177 2.4 Market Concentration Limits p.177 2.5 Surveillance to Detect Anti-Competitive Behaviour p.178 3. Generation Facilities p.178 3.1 Constructing and Operating Generation Facilities p.178 3.2 Obtaining Approvals to Construct and Operate Generation Facilities p.178 3.3 Approvals to Construct and Operate Generation Facilities p.179 3.4 Eminent Domain, Condemnation and Expropriation Rights to Construct and Operate Generation Facilities p.179 3.5 Decommissioning a Generation Facility p.180 4. Transmission Lines and Associated Facilities p.180 4.1 Constructing and Operating Transmission Lines and Associated Facilities p.180 4.2 Obtaining Approvals to Construct and Operate Transmission Lines and Associated Facilities p.181 4.3 Terms and Conditions Imposed on Approvals to Construct and Operate a Transmission Line and Associated Facilities p.181 4.4 Eminent Domain, Condemnation and Expropriation Rights to Construct and Operate Transmission Lines and Associated Facilities p.182 4.5 Monopoly Rights to Provide Transmission Services p.182 4.6 Transmission Charges and Terms of Service p.182 4.7 Open-Access and Non-Discriminatory Transmission p.183 5. Distribution p.183 5.1 Constructing and Operating Electricity Distribution Facilities p.183 5.2 Regulatory Process for Obtaining Approvals to Construct and Operate Electricity Distribution Facilities p.183 5.3 Terms and Conditions Imposed in Approvals to Construct and Operate Electric Distribution Facilities p.183 5.4 Eminent Domain, Condemnation or Expropriation Rights to Construct and Operate Electricity Distribution Facilities p.183 5.5 Monopoly Rights for Electricity Distribution Entities p.183 5.6 Electricity Distribution System Charges and Terms of Service p.183

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