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Related: About this forumTokyo Electric Boosts Coal Capacity to Cut Need for Costly Oil
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Tokyo Electric Power Co. (9501), Japans biggest utility, may cut its oil purchases by more than one- third as it boosts its reliance on coal plants to reduce an energy bill thats ballooned since the Fukushima nuclear crisis.
Tepco, as the utility is known, will generate or buy as much as 54 percent more electricity from coal-fired plants starting this month compared with last year, according to calculations based on company statements. That may enable it to reduce its purchases of crude and fuel oil by as much as 3.95 million kiloliters, or 68,000 barrels a day, according to Osamu Fujisawa, an independent energy economist in Tokyo. Tepco bought 10.8 million kiloliters in the year ended March, the company said today in a report on its website.
Tepcos fuel costs surged after the March 11, 2011, earthquake and nuclear disaster, since its had to rely on oil, gas and coal to replace idled nuclear capacity. The company will do whatever it takes to return to profitability and hopes to do so without raising rates for customers, Naomi Hirose, Tepcos president, said this month.
By establishing new coal-powered plants, thermal power generation costs can be reduced, first by cutting the use of oil-burning units, said Reiji Ogino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co. Japanese government requests to power companies that they lower the rates they charge will encourage movement to coal-fired plants, since coal is a relatively cheap energy source.
Tepco will add 2.6 gigawatts a year of coal-fired power from two new plants and electricity bought from two units owned by Tohoku Electric Power Co. (9506) that restarted after being damaged in the earthquake.
http://www.bloomberg.com/news/2013-04-10/tokyo-electric-boosts-coal-capacity-to-cut-need-for-costly-oil.html
Tepco, as the utility is known, will generate or buy as much as 54 percent more electricity from coal-fired plants starting this month compared with last year, according to calculations based on company statements. That may enable it to reduce its purchases of crude and fuel oil by as much as 3.95 million kiloliters, or 68,000 barrels a day, according to Osamu Fujisawa, an independent energy economist in Tokyo. Tepco bought 10.8 million kiloliters in the year ended March, the company said today in a report on its website.
Tepcos fuel costs surged after the March 11, 2011, earthquake and nuclear disaster, since its had to rely on oil, gas and coal to replace idled nuclear capacity. The company will do whatever it takes to return to profitability and hopes to do so without raising rates for customers, Naomi Hirose, Tepcos president, said this month.
By establishing new coal-powered plants, thermal power generation costs can be reduced, first by cutting the use of oil-burning units, said Reiji Ogino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co. Japanese government requests to power companies that they lower the rates they charge will encourage movement to coal-fired plants, since coal is a relatively cheap energy source.
Tepco will add 2.6 gigawatts a year of coal-fired power from two new plants and electricity bought from two units owned by Tohoku Electric Power Co. (9506) that restarted after being damaged in the earthquake.
http://www.bloomberg.com/news/2013-04-10/tokyo-electric-boosts-coal-capacity-to-cut-need-for-costly-oil.html
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Tokyo Electric Boosts Coal Capacity to Cut Need for Costly Oil (Original Post)
phantom power
Apr 2013
OP
wtmusic
(39,166 posts)1. But...the pools are leaking.
Nihil
(13,508 posts)2. Oil down by 33% but coal up by 54%
> Japanese government requests to power companies that they lower the rates they charge
> will encourage movement to coal-fired plants, since coal is a relatively cheap energy source.
> Liquefied natural gas imports rose 3.2 percent to 24.9 million metric tons and coal purchases
> rose 1.2 percent to 3.35 million tons.
> It would require 6.5 million tons of coal to produce 2.6 gigawatts a year,
Not a win for the environment.
quadrature
(2,049 posts)3. oil costs 10X to 20X as much as coal
on an energy per cost basis
Nihil
(13,508 posts)4. Which part of my post do you think that disproves?
(Or was that just a "FYI" addition in case people hadn't read the figures in the article?)
FBaggins
(26,729 posts)5. I think quadrature assumed that you meant prices
n/t