The XOOM Energy family of energy retail companies, providing natural gas and electricity services to homes and businesses across North America, announced further efforts in their international expansion with the entry into the Japanese energy market.
XOOM Energy Japan, GK, an affiliate of XOOM Energy, LLC, will be offering electric services to residential and small business consumers in the Tokyo Electric Power Company (TEPCO) market.
In April 2016, Japan’s consumer electric energy market became fully liberalized, which now allows low-voltage consumers to choose their preferred electric power company and electricity pricing plan. “With the recent liberalization of the consumer energy market in Japan, there is a tremendous opportunity to educate and enable consumers to take control of their energy cost,” states Thomas Ulry, Chief Executive Officer of XOOM Energy.
Japan’s Ministry of Economy, Trade