The Chugoku Electric Power Co Inc announced "Okayama Hydroelectric Power Utilization Plan," a power contract that utilizes hydroelectric power plants owned by Okayama Prefecture.
It is targeted at customers with high-voltage contracts in Okayama Prefecture and aimed at the revitalization of the local economy and the promotion of environmental preservation. Chugoku Electric Power plans to start to accept applications for the contract in April 2020 and supply electricity in July 2020.
Okayama Prefecture is operating 18 hydroelectric power plants, and the new power contract utilizes 14 of them, which are not applicable to the feed-in tariff (FIT) policy. The total output of the 14 plants is 54,510kW, and their total capacity is 210,000,000kWh.
Chugoku Electric Power offers two kinds of price packages. One is "Okayama CO2-free Denki," which is a price package featuring zero CO2 emissions and local-production/local-consumption. Customers can claim that the amount of CO2 emitted through the use of electricity is zero with the "System to Calculate, Report and Publish the Amount of Greenhouse Gas Emissions" of the "Act on Promotion of Global Warming Countermeasures."
Electricity charge is calculated by adding a certain amount of fee to Chugoku Electric Power's general price packages. Part of the electricity charge will be used for environmental preservation projects in Okayama Prefecture. A certificate will be provided to customers that signed the new power contract.
The other price package is "Okayama Chiiki Ouen Denki," with which Chugoku Electric is considering discounting its general price packages by a few percents for companies that were damaged by a heavy rain disaster in 2018 as well as new companies in the prefecture. Also, the company will announce specific power prices and requirements in April 2020, when it begins to accept applications.