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Japan Power Supply Crunch 2021Here is the state of play:
> Tepco will receive electricity from companies with generating capacity (like steelmakers and refiners)
> Tepco has asked some customers to lower consumption
> Kansai Elec. to also receive extra power from companies
> Japan’s grid coordinator ordered all power plant operators in the Tokyo and Kansai regions to maximize output in the two days through Friday (they might extend this)
This is the first time they've ever made this order
This is the first time they've ever made this order
> The Tokyo region looks well supplied for today (they forecast a 19% reserve rate during peak demand)
> Western Japan, on the other hand, is much tighter. Kansai, Shikoku, Chugoku only expect to have 4% reserve
> Western Japan, on the other hand, is much tighter. Kansai, Shikoku, Chugoku only expect to have 4% reserve
> The power crunch is likely to extend through January amid limited gas supplies and an outlook for frigid weather, although restrictions to curb the Covid-19 pandemic could help offset demand
> The nation’s government isn’t considering asking businesses and households to reduce electricity consumption for the time being, according to an official at the Ministry of Economy, Trade and Industry
> This has all culminated in record-high Japan spot power prices https://twitter.com/SStapczynski/status/1346992530164916225?s=20
