Japanese RPS market has launched in April 2003 based on "Special Measures Law Concerning the Use of New Energy by Electric Utilities". The goal is to increase the total usage of New Energy up to 12.2 billion kWh in 2010. It is considered that this RPS law and the relevant system will have considerable impact on both Electric Utilities and New Energy Generators in their effort to establish their future corporate strategies. In this system which aims to increase New Energy installation, "Market mechanism" has been introduced in order to facilitate such activity. Natsource Japan is offering Japanese RPS Certificates (we call RPS-ID) market for Electric Utilities and New Energy Generators in following two categories:

• Certificate type

Spot / Forward / Stream RPS-ID, quoted in JPY / kWh

• Facility type

Stream RPS-ID for long term (over 10 years), quoted in JPY/kW