Japanese government plans to amend energy policy regulations

According to news from Japan News Service on October 9, the Japanese government held an energy conference for the first time on October 7 to discuss changes in energy policy and related laws, as well as the burden of energy use by Japanese nationals and the cost of power generation for companies. The meeting also confirmed the related costs and costs of damages, pollution removal, etc. caused by the accident of the Fukushima Nuclear Power Plant of Tokyo Electric Power Company. The meeting of the Energy Commission will revisit Japan’s current energy policy.

It is understood that nuclear power generation is a cheaper power generation method than other methods. If we reduce nuclear power generation and use other power generation methods, such as clean energy, we will significantly increase the cost of electricity for Japanese citizens. The meeting will provide an in-depth analysis of the cost of various power generation methods such as nuclear energy and clean energy in the form of objective data.

The 10-member expert group including the Deputy Minister of the Cabinet Office Ishida Seiji held the first meeting on the 7th of this month. Regarding nuclear power generation, the meeting used a special calculation method of the Japan Nuclear Commission, which roughly calculated the compensation and pollution removal costs associated with the Fukushima nuclear power plant accident at TEPCO. In addition, the costs of power generation such as nuclear power, firepower, wind power, solar energy and other renewable energy sources, and fuel cells, and the burden on the Japanese nationals were calculated. This data not only focuses on the present, but also confirms the related costs in the future 2020-2030.