Press Release
Report in response to the statement of direction from the Commissioner of the Agency for Natural Resources and Energy, Ministry of Energy, Trade and Industry
July 28, 2023
Chubu Electric Power Co.,Inc.
Chubu Electric Power Miraiz Co., Inc.
On July 14, Chubu Electric Power Co., Inc. ("Chubu Electric Power") and Chubu Electric Power Miraiz Co., Inc. ("Chubu Electric Power Miraiz") received a statement of direction from the Commissioner of the Agency for Natural Resources and Energy of the Ministry of Energy, Trade and Industry requiring action to achieve sound development of the electricity industry (announced by Chubu Electric Power and Chubu Electric Power Miraiz on the same day).
Today, Chubu Electric Power and Chubu Electric Power Miraiz made the following reports based on this statement of direction.
1.Report from Chubu Electric Power
(1)Reinforce wholesale of power generated by the Group to entities within and outside the Group, etc.
Direction |
Swiftly discuss the specifics of reinforcing the indiscriminate wholesale of power generated by the Group to entities within and outside the Group, and building stable power trading relationships with diverse counterparties with short-term to long-term durations. Report on results by July 28. |
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(2)Clarify the goal of Chubu Electric Power participating in the Federation of Electric Power Companies, Japan (FEPC), etc.
Direction |
Clarify the goal of Chubu Electric Power participating in the Federation of Electric Power Companies, Japan (FEPC) and implement necessary measures to secure transparency in the company's participation in the FEPC and in its cooperation with other utilities. |
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2.Reports from Chubu Electric Power Miraiz
(1)Expanding the number of options in stable and attractive price plans and services
Direction |
Swiftly discuss the specifics of expanding the number of stable and attractive price plans and services. Report on the results by July 28. |
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