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Industrial Material Division
Electric Power Business
In July 2010, Itochu Enex submitted a notice of commencement of a power producer and supplier (PPS) business and in October 2010 launched an electric power retailing business. In February 2011, we acquired 22.5% of the shares of IP Power Systems Corporation (IPPS), which purchases electricity in bulk from power companies and sells discounted power to housing complexes, becoming the largest shareholder in the company. In March 2011 we made JEN Holdings Co., Ltd., which supplies electricity and steam for factory use, a wholly owned subsidiary. Through these initiatives, Itochu Enex has entered the electricity and steam supply business and secured a dependable supply of electricity. Future plans call for further strengthening of the electric power business by utilizing IPPS's bulk electricity purchasing service and power receiving and distribution control system, including smart meters, and JEN's green electricity and power facilities maintenance and control technologies.
Contact for inquiries concerning the electric power business:
Electric Power Business Section, Energy Management Department
JEN Holdings Co., Ltd. (JEN)
The JEN Group is an electricity and steam service supplier that aims to realize efficient use of energy resources and achieve both economic efficiency and environmental sustainability through an optimal balance of electricity and steam.
IP Power Systems Corporation (IPPS)
IPPS develops and provides a bulk electricity purchasing service (mainly to condominiums large enough to warrant having a high-voltage supply), as a solution for reducing the use of residential low-voltage power, which cannot be supplied by companies other than Tokyo Electric Power Co. and the nine other regional electric utilities.
What is a bulk electric purchasing service? (Example of a newly constructed housing complex)
Bulk purchasing of electricity by IPPS results in an electricity rate for residents 5% lower than the electric power company rate.
- IPPS enters into a power receiving and distribution control system management agreement with the condominium developer, and constructs a system. (Contract period: 15 years)
- At the time of establishment of the condominium management association, the association takes over the power receiving and distribution control system management contract from the developer.
- Under the terms of the distribution control system management agreement, IPPS guarantees an electricity rate during the contract period which is 5% lower than the electric power company's rate .