Stabilizing fuel procurement and using power-procurement portfolios and futures hedges
First written in FY2024-Q2. 4 of 7 entries say "Advanced", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Amid high volatility in these prices, Chubu Electric Power Miraiz revised its standard rate plans for extra-high-voltage and high-voltage customers in April 2026 to more appropriately reflect fluctuations in fuel prices and wholesale electricity market prices, in order to provide customers with a stable electricity supply. It is also stabilising procurement prices through hedging transactions such as electricity futures.」
In addition to diversifying procurement sources and extending contracts while securing flexibility, the company has introduced and operates standard rate plans reflecting fuel and wholesale electricity prices, as well as futures hedging. - FY2026-H1AdvancedAnnual report
「Ordinary profit increased by ¥1.9 billion from the previous interim consolidated accounting period to ¥95.6 billion, despite the expansion of cost savings and other benefits from restructuring the power procurement portfolio, due to increased fixed power supply costs and the reversal of the previous year's plentiful water conditions.」
For Miraiz, the company describes expanded cost savings and other benefits from restructuring the power procurement portfolio, presenting the effects of reviewing the procurement portfolio as a specific factor affecting performance. - FY2025AdvancedAnnual report
「In fuel procurement by JERA and power procurement by Chubu Electric Power Miraiz through markets and other channels, the company is transitioning to a business structure that is less susceptible to market fluctuations in fuel, electricity and other commodities by diversifying procurement sources and extending contracts while securing flexibility.」
The company has specified measures to stabilise fuel and power procurement, including diversifying procurement sources, extending contracts and securing flexibility, hedging through electricity futures and currency options, and securing strategic surplus LNG. - FY2024-Q3Specific procurement measures and market risk managementAnnual report
「In response to these changes in the business environment, the group will continue to ensure a stable energy supply through group-wide efforts, including improving the accuracy of renewable power output forecasts, daily grid operations and supply-demand balancing, including coordination with other general transmission and distribution operators, stable operation of hydropower plants, the restart by JERA of idled thermal power plants, securing a stable fuel supply through flexible procurement via JERA Global Markets, JERA's fuel trading subsidiary, and the use of demand response to enable customers to use electricity efficiently.」
As measures to ensure a stable supply and fuel procurement, the company explicitly identifies the restart of idled thermal power plants by JERA and flexible fuel procurement through JERA Global Markets. It also cites renewable power output forecasting, grid operations and supply-demand balancing, and stable hydropower plant operations. - FY2024-Q2First statedAnnual report
「Accordingly, the company will work to stabilise fuel procurement while appropriately combining measures such as reviewing its power procurement portfolio and using electricity and fuel futures transactions for hedging. It will also work to expand services, including demand response, which enables customers to use electricity efficiently.」
As specific measures to address an environment of significant resource price and foreign exchange volatility, the company identifies stabilising fuel procurement, reviewing the power procurement portfolio, combining electricity and fuel futures transactions, and using demand response.