December 23, 2012
Japan’s nine electricity corporations paid 140 billion yen this year to the Japan Atomic Power Company (JAPC) as expenses in purchasing electricity which had not been generated due to currently off-line nuclear reactors.
The JAPC operates the Tokai Daini nuclear power plant in Tokai Village in Ibaraki and the No. 2 and 3 reactors at the Tsuruga plant in Tsuruga City in Fukui. All of these have been under suspension.
The JAPC is an electricity wholesaler jointly launched by the nine utilities, including Tokyo Electric Power (TEPCO) and Kansai Electric Power (KEPCO).
Each power company incorporates the expenses of electricity purchase into electricity rates as an initial cost, imposing the cost on the general public and end-users.
A group of experts sees no prospect of allowing the Tsuruga plant to be resumed because of an active fault running right below the plant. Nevertheless, the KEPCO, for example, will add an extra 30 billion yen in expenses of electricity purchase to the cost, and electricity charges within the area of KEPCO will accordingly increase.
Along with former TEPCO Chairman Katsumata Tsunehisa, officials from several power companies assumed executive positions at the JAPC. The 20 board members yearly receive remuneration of 479 million yen in total. Six part-time executives get paid up to 10 million yen each, and 14 full-time executives are rewarded more than 30 million yen on average a year.
The money paid to them also comes from consumers’ electricity payments.
The JAPC operates the Tokai Daini nuclear power plant in Tokai Village in Ibaraki and the No. 2 and 3 reactors at the Tsuruga plant in Tsuruga City in Fukui. All of these have been under suspension.
The JAPC is an electricity wholesaler jointly launched by the nine utilities, including Tokyo Electric Power (TEPCO) and Kansai Electric Power (KEPCO).
Each power company incorporates the expenses of electricity purchase into electricity rates as an initial cost, imposing the cost on the general public and end-users.
A group of experts sees no prospect of allowing the Tsuruga plant to be resumed because of an active fault running right below the plant. Nevertheless, the KEPCO, for example, will add an extra 30 billion yen in expenses of electricity purchase to the cost, and electricity charges within the area of KEPCO will accordingly increase.
Along with former TEPCO Chairman Katsumata Tsunehisa, officials from several power companies assumed executive positions at the JAPC. The 20 board members yearly receive remuneration of 479 million yen in total. Six part-time executives get paid up to 10 million yen each, and 14 full-time executives are rewarded more than 30 million yen on average a year.
The money paid to them also comes from consumers’ electricity payments.
