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Posted 2 years ago | 2 minute read
Japan Capacity Market auction dates unveiled
Japan’s Organisation for Cross-regional Coordination of Transmission Operators, Japan (OCCTO) has set out the key milestones for the next Capacity Market
In a series of documents issued in July, OCCTO confirmed that the auction for session the 2027 delivery year is to take place on 3 August.
The Capacity Market is a mechanism designed to address the challenges of maintaining a reliable electricity supply in the country. It operates by creating a market for capacity (i.e future supply), where power generators bid to provide a certain amount of electricity capacity over a specified period. Successful bidders are then awarded capacity rights and receive payments for their commitment to maintain the capacity. C&I businesses are also able to participate by generating or sharing reserve electricity by either starting up their own generators or powering down or adjusting their production facilities.
The launch of the Japan Capacity Market presents both challenges and opportunities for businesses. To navigate this evolving landscape successfully, businesses should consider the following strategies:
- Optimise Capacity Planning: Businesses need to assess their current capacity and evaluate whether it aligns with the expected demand in the market. By optimising capacity planning, companies can position themselves to participate effectively in the capacity market and maximise their revenue potential.
- Embrace Renewable Energy: The Japan Capacity Market places a strong emphasis on promoting renewable energy sources. Businesses should explore opportunities to invest in and integrate renewable energy into their generation portfolio to meet the growing demand for clean and sustainable power.
- Monitor Market Dynamics: The Japan Capacity Market is a dynamic and evolving market. Businesses should closely monitor market trends, policy changes, and regulatory updates to stay informed and adapt their strategies accordingly.
At GridBeyond we support our industrial, commercial, and battery storage customers access the Capacity Market, which is providing an increasingly important and significant revenue stream. For demand side customers this offsets the risks posed by increased and volatile energy costs, demonstrating how GridBeyond has been able to identify and utilise flexibility in production processes to access capacity market value. We support new build battery storage project access secure income to complement the market-leading value that can be earnt via the GridBeyond trading and optimisation suite.
ホワイトペーパー 危機、不測の事態と気候変動
本ホワイトペーパーでは、GridBeyondのエキスパートをはじめとするコメンテーターが2023年以降のエネルギー部門の展開に関する議論で一番大切だと口をそろえる主な動向を分析します。
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