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The Ministry of Economy, Trade, and Industry (METI) in Japan on Oct 31 held the subcommittee for next-generation power and gas infrastructure to discuss measures for power supply this winter. Through the discussion, ensuring the minimum reserve ratio of 3%, the threshold for stable supply, even in the case of a severe winter, a class of once-in-a-decade, was confirmed in all nine power areas. As a result, following a year earlier, the METI decided not to ask consumers to save power.
In the Hokkaido, Tohoku, Tokyo, and Chubu areas, however, the ratio might fall to 4's % in January and February in the estimate as of October. While stable supply was counted, given the halt risk and proceedings of scraps of power plants, along with the recent extraordinary climate and the risk of supply under unstable international situations, a cautious stance might be required in power supply. Especially as for the supply risk from power plants, the problems cannot be solved soon because of structural problems, including deterioration of thermal power plants; in case of trouble of the plants, a spike in prices will likely happen. To handle the issues, the METI will take measures for adjusting maintenance in the case of emergencies.
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<PR>Notice
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We at Rim Intelligence are organizing our first international forum, the "Rim Energy Agora", in November this year. We hope to discuss together with participants various topics related to energy through keynote speeches, panel discussions and exhibits from companies and associations. For companies outside Japan, this is a great opportunity to connect directly with Japanese players. For Japanese companies, it is an invaluable chance to learn about energy and leading edge technology. Do not miss this occasion.
To register for the event, please visit the Agora special site below.
Rim Energy Agora
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Rim Power report provides price trends in the spot market as the fully-liberalized retail market spotlights new power supply sources. We publish our own assessments of forward prices covering 15 months for Tokyo and Kansai areas as well as all Japan.
The report elaborates on spot transactions on the Tokyo Commodity Exchange (TOCOM) and the European Energy Exchange (EEX). We also update the operational status of thermal power stations in Japan.
The report also covers spark/dark spreads and includes on-time market news focusing on power-related topics. The use of various tables and graphs makes the report easier to read.
Main contents Rim Index Prices: Day-Ahead and Forward Prices
JEPX: Price trends, updates on buy/sell tenders, Price divergence by region Updates on thermal power stations: Tables showing operational status TOCOM/EEX: Transactions, Analysis on prices and background of deals Fuel cost adjustment by nine power utilities in Japan.
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Electricity Team +81-3-3552-2411, info@rim-intelligence.co.jp
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