By Reuters Staff
2 Min Read
TOKYO, Jan 15 (Reuters) - Japan’s tight power market will remain unpredictable as temperatures could drop again and there are risks of technical glitches at aged power plants and a further drop in fuel inventories, the head of utilities industry said on Friday.
This month Japanese utilities have called on the public to save power as electricity demand for heating surged with frigid temperatures gripping much of the country, sending power companies scrambling for extra supplies, especially liquefied natural gas (LNG), to fuel power stations.
“Electricity demand has soared since late last year due to serious cold storms,” Kazuhiro Ikebe, the chairman of the Federation of Electric Power Companies of Japan (FEPC), told a news conference.