Nullification Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Nullification Rule and the Feed-in Premium (FIP) system, which will have significant impact on Japan’s renewable market, have recently received further clarification. Both instruments, as reported in our Japan Renewable Alert 44, will be introduced, effective as of April 1, 2022, by the amendments to the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities (Act No.108 of 2011; the “ REA”) pursuant to the Act to Partially Amend the Electricity Business Act and Other Acts in Order to Establish a Resilient and Sustainable ...

1. METI's Measures for Nonoperating Projects Now Open for Public Comments On September 7, 2020, the Ministry of Economy, Trade and Industry (" METI") announced the draft outline of the amendments to regulations regarding the introduction of arrangements for the Nullification Rule (described below), to be effective on April 1, 2022 (the " Effective Date"), and other points (the " Draft seehere, available only in Japanese). The Nullification Rule, intended to invalidate a FIT/FIP approval if the project fails to commence operation within a certain period of time from the approval (the " Nullifi...