JERA, Japan's largest power operator, announced on November 24 that it has drawn up preparatory measures for possible peak demand during this winter to avoid a repeat of fuel shortages and tight power supply in the winter of last year.
According to the announcement, the main measures include adjusting the pre-scheduled maintenance time in Tokyo and central Japan regions, restarting Anegasaki thermal power Plant's 5# generator and scaling up the load of thermal power plants when the supply turns tight.
Japan has retained at least 3% of backup power based on regions and time periods for this winter. Meanwhile, the government and related departments will take timely measures to solve the supply problem if the actual generation capacity and power supply-demand balance change.
In order to secure power generation capacity, Tokyo will add 460 MW of thermal power capacity in January next year and 420 Mt in February, and central Japan regions will increase 480 GW in February next year.
JERA also plans to strengthen its internal power generation system and reduce power outages at its power generation facilities through comprehensive and targeted inspections, the announcement said.
The company will purchase fuels through both long-term contracts and spot trading to cope with fluctuations in power supply and demand. On the fuel supply side, JERA will learn from last winter's practice and purchase fuels based on the estimated power demand, which helps to flexibly master the change in power supply-demand fundamentals and ensure a stable supply.
To better reflect the fuel price, the company plans to include the additional purchase cost into the electricity price, meaning the growth in fuel price will be directly translated into the growth of bidding electricity price in the spot market. Tohoku Electric Power also said it would adopt a similar price mechanism from November 24.
(Writing by Shengnan Liu Editing by Tammy Yang)
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