Trading Market for Distributed/Green Electricity Established in Japan

The Japanese Ministry of Economy, Trade and Industry announced that a market for the sale of distributed and green electricity was established at Japan Electric Power Exchange (JEPX) on June 18, 2012, allowing anyone to sell any type of electricity for free. The market targets: surplus electricity generated by small-scale distributed power sources such as private-use power generation facilities and cogeneration power systems; and green electricity that emits no greenhouse gases during generation. Even though the amount of electricity to be sold is unstable, the market only accepts electricity that can be sent to the grid.

Under the market system a seller individually applies to sell electricity, specifying a selling price, amount and period. JEPX then releases the offer to its members, which include many major electric companies, and calls for buyers. The seller can then select a buyer. For the time being, non-member sellers can use the market without any charge.

Posted: 2012/09/04 06:00:15 AM