TEPCO to hold bids for 17 million smart meters: report

Jan 22, 2012

Japan's Tokyo Electric Power plans to install about 17 million "smart meters" in customer households by March 2019 in a bid to increase efficiency, a report said Sunday.

TEPCO, the operator of the crippled Fukushima , will solicit bids from Japanese and foreign companies, forgoing its usual practice of going through a group supplier, the Nikkei newspaper said.

The total investment is estimated to reach around 200 billion yen ($2.6 billion), with the utility hoping to keep the price of the meter to about 10,000 yen per unit, the business daily said.

TEPCO plans to hold the first tender in autumn, for about three million , the said.

Smart meters monitor electricity use in real time and transmit consumption data to utilities.

In addition to doing away with the need for workers to visit customers to read their meters, smart meters can help cut power use during peak hours and make it easier for people to conserve energy.

The smart meter plan will be included in a restructuring scheme, to be finished in March, as the company rushes to contain the Fukushima , triggered by a massive earthquake and tsunami in March last year, and makes slow progresses toward paying damages to people affected by the accident.

A government panel has estimated claims from victims affected by the Fukushima crisis could reach 4.5 trillion yen by 2013.

The restructuring plan could also call for an essential nationalisation of the company.

Explore further: First of four Fukushima reactors cleared of nuclear fuel

add to favorites email to friend print save as pdf

Related Stories

Japan may put nuclear power firm under state control

Dec 27, 2011

Japan's government on Tuesday floated the idea of putting the operator of the crippled Fukushima nuclear power plant under temporary state control, as it asked for $8.9 billion more in compensation aid.

Japan's Mitsui in quake-zone solar plan: report

Jul 06, 2011

Japanese trading house Mitsui plans to build large-scale solar power plants with the capacity to supply 30,000 households in the tsunami-hit northeast, a newspaper reported Wednesday.

'Smart grid' would save energy, cut costs for US consumers

Jan 05, 2011

Momentum is building for a new energy "smart grid" that would overhaul the U.S.'s 100-year-old electrical power network. The impact would be huge –– from installation of a new web of electrical transmission lines ...

Japan to test-drill for seabed 'burning ice'

Jul 25, 2011

Japan will seek to extract natural gas from seabed deposits of methane hydrate, also known as "burning ice", in the world's first such offshore experiment, a news report said Monday.

Recommended for you

The state of shale

Dec 19, 2014

University of Pittsburgh researchers have shared their findings from three studies related to shale gas in a recent special issue of the journal Energy Technology, edited by Götz Veser, the Nickolas A. DeCecco Professor of Che ...

Website shines light on renewable energy resources

Dec 18, 2014

A team from the University of Arizona and eight southwestern electric utility companies have built a pioneering web portal that provides insight into renewable energy sources and how they contribute to the ...

Better software cuts computer energy use

Dec 18, 2014

An EU research project is developing tools to help software engineers create energy-efficient code, which could reduce electricity consumption at data centres by up to 50% and improve battery life in smart ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Tausch
not rated yet Jan 23, 2012
Financed with the inefficient meters until then.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.