That means the products will be designed a little differently from what we have in Europe.Ĭhristian Sperling: In terms of the energy sector, Japan is unfortunately best known because of Fukushima. The government wants to implement one that utilizes the separation that we know between primary, secondary, and tertiary control reserve, but the Japanese grid faces different challenges than our grid. There are not many incentives to seriously market a balancing group.Ĭhristian Sperling: What about control reserve markets? Does the Japanese energy sector also have the distinction between primary, secondary, and tertiary control reserve like we are used to in Europe?Īlex Krautz: There are control reserve products, but not really an exchange. But intraday trading isn’t particularly lively, mostly due to the imbalance price system and the low costs associated with it. Tobias Romberg: There is a day-ahead market, which is indeed liquid. Trade volumes are lower, and long-term off-market contracts dictate the trading. ![]() Other companies are seeing clear business opportunities.Ĭhristian Sperling: How about sub-markets in power trading? Are there intraday and day-ahead trades like there are in Germany? Is there an electricity exchange at all?Īlexander Krautz: There is an exchange, but the markets are not comparable to the liquid markets in Germany with our short-term bidding options. A lot of companies are getting ready for this, and it’s not just the providers. There is a government plan for separating the grid and power production, and they are also pursuing more open markets. This is not the case in other areas, such as the grid.Ĭhristian Sperling: So there has not yet been an unbundling of the grid and power production in Japan?Īlex Krautz: Unbundling is set to happen. The electricity supply market has started to open up a little bit, and smaller companies are able to take part. There are a total of ten large suppliers that serve as transmission system operator, distribution system operator, and electricity producer all at the same time. This means there are vertically-integrated utilities – large power suppliers that own and operate the grid in addition to producing the power. ![]() Alexander Krautz and Tobias Romberg from Next Kraftwerke's Innovation & Development team gained the following insights on a business trip to Japan.Ĭhristian Sperling:What is unique about the Japanese power system? What makes their power system different than ours here in Germany?Īlex Krautz: The Japanese power market system is basically set up the same way ours was 10 or 15 years ago. That’s why we took the opportunity to visit Japan to learn for ourselves, discuss concepts, and meet decision makers. ![]() So they are often pronounced yon and kyu instead.There are a lot of preconceptions about Japan, especially when it comes to the energy sector. Sounds like the word for death (死), and 9, when pronounced ku, sounds like the wordįor suffering (苦).
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