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Japan's power market rally finally takes a breather 
Spot price for Jan. 9 delivery fell 8.2% to 91.7 yen/kWh due to weaker Saturday demand (prices usually fall on weekend since businesses are shut)
Still, it's the 2nd highest daily power rate ever
https://www.bloomberg.com/news/articles/2021-01-07/japan-orders-power-suppliers-to-boost-output-to-avoid-shortage
Spot price for Jan. 9 delivery fell 8.2% to 91.7 yen/kWh due to weaker Saturday demand (prices usually fall on weekend since businesses are shut)
Still, it's the 2nd highest daily power rate ever
https://www.bloomberg.com/news/articles/2021-01-07/japan-orders-power-suppliers-to-boost-output-to-avoid-shortage
But for today, the focus is on a worsening power supply crunch in West Japan
Four regional utilities in the region, including Kansai Electric and Kyushu Electric , will have a power reserve ratio at 3% or less, according to OCCTO.
Four regional utilities in the region, including Kansai Electric and Kyushu Electric , will have a power reserve ratio at 3% or less, according to OCCTO.
In case you weren't aware...
Western Japan is home to the lion’s share of Toyota’s factories, as well as refineries operated by Idemitsu and Eneos. Japan’s grid is split into two frequencies between West/East, which means it can be difficult to shift ample power supplies
Western Japan is home to the lion’s share of Toyota’s factories, as well as refineries operated by Idemitsu and Eneos. Japan’s grid is split into two frequencies between West/East, which means it can be difficult to shift ample power supplies
Update --
Japan may request consumers conserve electricity in case of a supply deficit emergency, but doesn’t have plans to issue any orders right now, Economy Minister Hiroshi Kajiyama said at a briefing in Tokyo
“The supply-demand situation in Japan has become quite severe"
Japan may request consumers conserve electricity in case of a supply deficit emergency, but doesn’t have plans to issue any orders right now, Economy Minister Hiroshi Kajiyama said at a briefing in Tokyo
“The supply-demand situation in Japan has become quite severe"
Ouch, things got really tight in Tohoku (East Japan) and Hokuriku (West Japan) areas earlier today
Power usage ratio jumped to 99% in both areas, which is not ideal
Power usage ratio jumped to 99% in both areas, which is not ideal
J-Power emerges as one of the winners from the power price rally
Shares of J-Power, Japan’s largest power wholesaler, have rallied about 19% so far this week as record power prices help boost its revenue
Shares of J-Power, Japan’s largest power wholesaler, have rallied about 19% so far this week as record power prices help boost its revenue
Lots of power sharing orders from OCCTO today to help with Japan's supply crunch
Chugoku, Tepco, Hokuriku and Kansai ordered to receive power from other utilities in order to avoid an outage
Chugoku, Tepco, Hokuriku and Kansai ordered to receive power from other utilities in order to avoid an outage
This might have a slight bearish effect on Japan power prices, as it will likely curb demand by a bit https://twitter.com/GearoidReidy/status/1347424826282004480?s=20
More snow is forecast for Tohoku and Hokuriku regions, which will boost demand and further tighten power supplies https://news.biglobe.ne.jp/domestic/0108/ym_210108_1297867156.html
