Japan asks households, companies to conserve electricity during winter

Japan said on Tuesday it will ask households and companies across the country to conserve electricity within “a reasonable range” during the peak winter demand season to alleviate a possible power crunch in the world’s third largest economy.

Between Dec. 1 and March 31, users will be asked to turn off unnecessary lights, wear layered clothing indoors and turn the heating temperature lower.

Japan’s power supply has been tight in recent years as nuclear power plants have been slow to restart after the 2011 Fukushima nuclear disaster. Rising risks that the Russia-Ukraine war could further disrupt global fuel supplies have also added pressure this year.

“The power situation remains severe though we expect to be able to secure the reserve ratio of 3% during the winter,” said Yasutoshi Nishimura, Japan’s industry minister, referring to the minimum generation power capacity required for stable supply.

In Between Street

“We won’t set a numerical target, but will ask for power conservation and energy saving for the entire nation,” he told a news conference.

Other measures such as rebooting idled power plants, making effective fuel procurement and encouraging power conservation through a point programme were also being implemented, he said.

Nuclear power plants have grappled with tighter regulations since the Fukushima nuclear disaster, while power supply has also been curbed by a series of closures of aging thermal power plants, in part to meet Japan’s carbon (CO2) emissions reduction goals.

The resource-poor country also faces the growing risk that a prolonged Russia-Ukraine war and widening Western sanctions on Moscow could disrupt supply and cause fuel shortages.

Japan’s electricity supply outlook for the winter has improved after it secured extra power generation capacity through public auctions, national grid monitor OCCTO said in September.

[Source: Reuters/Images: Flikr)

City at Night

Related Articles

Investors/Business, General
Information, News
The average price of newly constructed apartments in Tokyo's 23 special wards reached an all-time high at 114.83 million yen, marking a 39.4% increase. Factors include rising construction costs, increased building activity, and high demand driven by low interest rates.
General
News
One would think that with Covid-19 and between people keen on running away from major urban centres to get away from crowds, and Japan’s aging demographics, the residential property market would take a hit. No so! In fact, just the opposite. Institutional investors have, in fact, been pouring funds into portfolios.
General
Information, News
In an effort to spur the development of vital industries like semiconductors, storage batteries, and biotechnology, the Japanese government is poised to relax land use regulations, as per Nikkei's report. This strategic maneuver is aimed at mitigating the challenges posed by land shortages, which have been particularly pressing in the semiconductor sector, potentially impeding critical factory investments.
General
Information
When considering buying property in Japan, one of the main concerns for many is the country's susceptibility to natural disasters, such as earthquakes, typhoons, and heavy rain. However, Japan has some of the most advanced and stringent disaster prevention measures in the world, making its homes and apartments not only safe but also a solid investment.