U.S. Retail Supplier Said To Be First Foreign Company To Receive Registration As Electricity Retailer In Japan

XOOM Energy announced its expansion into Japan's retail energy market, through affiliate XOOM Energy Japan, GK

XOOM Energy will be offering electric services to residential and small business consumers in the Tokyo Electric Power Company (TEPCO) market.

Japan’s Ministry of Economy, Trade and Industry (METI) registered XOOM Energy Japan as an Electricity Retailer in November 2016, which XOOM said, "mak[es] XOOM Energy the first foreign company to receive such registration in Japan."

Certain other U.S. suppliers have entered Japan's retail market through joint ventures, such as Spark Energy's JV with eREX (click here for details)

"We have recently established an office in Tokyo and have assembled an experienced team to oversee operations directly in Japan," said Thomas Ulry, Chief Executive Officer of XOOM Energy.

XOOM Energy Japan will begin servicing TEPCO residential customers in early 2017 with plans to expand into additional markets throughout the year.

XOOM Energy offers service through its wholly owned subsidiaries in 18 states, the District of Columbia, and Alberta, Canada, in 92+ utility markets across North America.