TOKYO — A group of 17 trading, energy and gas companies, as well as Soros Capital Management, are investing 5 billion yen ($32 million) in a Japanese startup running an online electricity exchange, Nikkei has learned, in an effort to equalize wholesale prices and help small electricity retailers compete .
Startup Enechain runs a platform connecting electricity producers who sell electricity with retailers who want to buy it. More than 250 companies use the exchange.