Chubu Electric and INPEX to Begin Wholesale Electricity Supply To Three City Gas Companies
July 20, 2017
Chubu Electric Power Co.,Inc.
TOKYO, JAPAN - Chubu Electric Power Co., Inc. (Chubu Electric) and INPEX CORPORATION (INPEX) jointly announced today they will begin supplying wholesale electricity to city gas companies Ueda Gas, Nagano toshi Gas and Honjo Gas, sourcing power from Diamond Power Corporation (DPC), a Chubu Electric subsidiary.
The three city gas companies will begin retailing electricity in their respective gas supply areas as soon as their preparations are complete.
Chubu Electric and INPEX entered a heads of agreement on July 21, 2015 to consider a joint business operation to supply electricity, and have rolled out a joint plan on the supply of wholesale electricity through DPC for city gas companies that supply natural gas procured from INPEX.
With the addition of Ueda Gas, Nagano toshi Gas and Honjo Gas, Chubu Electric and INPEX now run joint electricity supply business operations with a total of 16 city gas companies.
Chubu Electric and INPEX are committed to providing customers with a stable supply of competitively priced and reliable electricity as well as continue responding flexibly to their customers' various energy needs stemming from the full liberalization of the electricity and gas retail markets.