We have approved a special exception that allows us to extend the payment due date and pay in installments for up to 4 months for the charges related to the wholesale supply of renewable energy electricity for January.

Energy and Environment

In light of the rapid rise in the wholesale electricity market price in January this year, measures are taken to extend the payment deadline for the renewable electricity wholesale supply for January and to pay in installments for up to 4 months. Approved special measures for renewable energy electricity wholesale supply agreements for general power transmission and distribution companies toward the implementation of

Due to the tight supply and demand for electric power due to the severe cold and unseasonable weather this winter, the average monthly system price in the wholesale power market (spot market) in January this year was 63.07 yen per kilowatt-hour. was the highest ever.

As a result of our efforts so far, the current wholesale electricity market price is stable, but some electricity consumers are choosing a market-linked electricity rate menu. However, a sharp rise in wholesale electricity market prices could have a major impact on these consumers. In addition, while the impact of the new coronavirus infection is still continuing, billing for electricity bills for January has already begun, and even in this market environment, consumers are expected to continue providing stable power supply services. From the perspective of making it possible to enjoy it, further measures are considered necessary.

For this reason, on January 29th, the Ministry of Economy, Trade and Industry announced to general power transmission and distribution companies that, under certain requirements, retail power companies will divide the imbalance charge for January into up to 5 months. I have requested that the necessary procedures be implemented to make it possible to pay

Furthermore, the rapid rise in the wholesale electricity market price has led to the fact that even if the electricity is not directly procured in the wholesale electricity market, it is possible to procure electricity using the renewable energy electricity wholesale supply at the price linked to the market price. It may also have a significant impact on consumers who have contracts with retailers.

For this reason, on February 5th and 8th, the Ministry of Economy, Trade and Industry will uniformly set the payment deadline for the renewable energy electricity wholesale supply for January to 1 for general power transmission and distribution companies. We have requested that the tariff be extended for another month, and that, under certain conditions, the necessary procedures be implemented to allow electricity retailers to pay the tariff in installments over a maximum of four months.

In the midst of this, on February 10th, general power transmission and distribution companies applied for the implementation of special measures regarding renewable energy electricity wholesale supply agreements. As a result of examination based on the Act on Special Measures Concerning Procurement, it was found that it was necessary to take such measures temporarily in light of the current situation. The we.

In addition, please refer to the attached sheet for the details and requirements of special measures regarding the extension of payment deadlines and installment payments related to renewable energy electricity wholesale supply, and how to apply. If you have any questions about the application, please contact the following contact information.

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