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Japan May power output falls 8.3 year/year

Japan's 10 utilities generated 8.3% less electricity in May than in the same month last year, a slightly narrower fall than in April, industry data showed on .

Demand for power has been sluggish since the onset of the global financial crisis, with users such as large industrial companies curbing their output.

The utilities generated 69.47 billion kilowatt-hours of electricity in May, the 10th consecutive month of decline, the Federation of Electric Power Companies of Japan said.

The pace of decline appears to have slowed, however, since electricity generation plunged 15.8% in February from a year earlier in the biggest decline on record.

In March, power generation fell 7.2% from a year earlier.

Electricity generation in April totaled 68.96 billion kilowatt-hours, down 8.5% from the same month the previous year.

The data showed fuel oil burning in May fell to 511,601 kilolitres (3.2 million barrels), the lowest since June 2006, while LNG consumption fell to 2.9 million tons, the lowest since May 2006. (Reuters)