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Energy Crunch Concerns Lead Japan’s Government to Call for Reduced AC Use

From nippon.com

After the shutting down of a thermal power plant damaged in the March 2022 Fukushima earthquake, a first power shortage warning was announced for the areas served by Tokyo Electric Power (TEPCO) and Tōhoku Electric Power. The balance of supply and demand of electricity has very little leeway due to aging thermal power plants and holdups in restarting nuclear power plants, so it will continue to be a fine line for electricity companies to provide energy. As Japan heads into summer, the government is calling on households and businesses to conserve electricity. Along with slow progress in restarting nuclear power ... (full story)

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  • Category: Fundamental Analysis