Tokyo Electric Power Co’s (TEPCO) use of costly crude and fuel oil tumbled last month, as it relied more on nuclear energy and burned more liquefied natural gas (LNG) and coal to meet its power generation needs.?

TEPCO, Asia’s largest utility, said on Monday its consumption of both
crude and fuel oil fell by nearly two-thirds in January from a year
earlier.? For details on consumption and purchases, see table below.?
The utilisation rate at TEPCO’s nuclear power plants averaged 62.2
percent in January, government data showed last week, over 14
percentage points higher than a year ago, as two units returned to
commercial operations at its Kashiwazaki-Kariwa nuclear plant. The No.6
reactor at the nuclear plant, the world’s largest, resumed commercial
operations in mid-January, following the No.7 reactor which resumed
commercial operations at the end of December.? A major earthquake in
northern Japan in 2007 forced TEPCO to shut the entire nuclear
complex.? The higher nuclear plant utilisation has helped TEPCO curb
thermal fuel use, leading the power firm to revise its thermal fuel
consumption plans for the current fiscal year late last month.? Japan’s
power generation likely rose 3.2 percent in January from a year
earlier, Reuters projections based on industry data showed last week,
as increased factory utilisation and colder weather pushed up demand
for power.? The Federation of Electric Power Companies of Japan is set
to release its statistics for January on Friday.

Source: Reuters

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