Publication date: May 6, 2024 April 2024 Monthly Newsletter Welcome to the April edition of our newsletter! As the cherry blossoms fade and golden week approaches, we delve into the latest policy changes shaping Japan’s energy landscape. We offer insights into the evolving dynamics of the Japanese power market, covering generator-side wheeling charges, Japan’s inaugural …
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Publication date: April 7, 2024 On March 27, METI reported that renewable energy generation capacity operating under the Feed-in-Premium (FIP) system had increased by 150% since October 2023. The number of renewable projects certified under the FIP system rose even more significantly, almost quadrupling in the same period. The increases show how successful the scheme …
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Publication date: April 4, 2024 March 2024 Monthly Newsletter Welcome to the March edition of our newsletter on the latest happenings in Japan’s power market. As cherry blossoms bloom across the country, signaling the early arrival of spring, we’re here to bring you fresh updates and insights into Japan’s dynamic energy landscape. In this issue, …
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Publication date: March 3, 2024 Hokkaido Electric Power Company (HEPCO), ENEOS, and Idemitsu announced on February 20 that they will jointly explore the construction of a green #hydrogen supply chain in Tomakomai, Hokkaido Prefecture. They plan to build water electrolysis plants and hydrogen storage facilities with a capacity of over 100MW by 2030. The plant …
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The Japanese government plans to make participation in the emissions trading scheme (ETS) a prerequisite for companies to receive decarbonization support. As discussed in the GX Implementation Council’s December 15 meeting, the move aims to make the ETS more effective and nudge hard-to-abate sectors to commit to deeper emissions reductions.
Publication date: January 12, 2024 Japan’s first “Long-Term Decarbonization Power Source Auction”, or Long-Term Decarbonization Capacity Market, will be held this month. The auction is designed to promote investment in new carbon-free and low-carbon electricity sources over the long term to achieve carbon neutrality by 2050. The Organization for Cross-regional Coordination of Transmission Operators (OCCTO) …
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The peculiar structure of Japan’s electricity grid is interesting enough to merit examination as a free-standing topic, which we’ve done in an earlier report. Today we’d like to get into the history of how Japan’s grid came to be structured the way it is, how the interconnections between grid zones have been utilized over time, …
Perhaps unsurprisingly for a country known for its automakers, shipbuilders, and heavy industry conglomerates, steel production is one of the most important industries in Japan. What might be more surprising, though, is that when examined closely, Japan’s steel industry presents an interesting lens through which to view the country’s electric power industry. It does so …
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With US oil prices having gone negative for the first time in history this past Monday, it’s doubtful that there’s anyone left who hasn’t noticed the impact that COVID-19 is having on global energy markets. Such attention-grabbing headlines should not, however, distract us from the multitude of other ways that the pandemic is affecting energy …
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Last month marked half a century since the first light-water nuclear reactor entered into service in Japan. Since then, nuclear power in Japan has gone through major ups and downs, from growing in popularity in the 1970s all the way to existential concerns about the future of Japanese electricity generation in the post-Fukushima era. In …
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