Press ReleasesNippon Paper Industries Submits Notification as a Power Producer and Supplier (PPS: Specified-Scale Electricity Utility)
Nippon Paper Group, Inc.
On May 16, Nippon Paper Group company Nippon Paper Industries Co., Ltd. (President: Yoshio Haga), submitted notification as a Power Producer and Supplier (PPS: Specified-scale Electricity Utility) to the Electricity Market Division of the Agency for Natural Resources and Energy. The notification was accepted the same day.
Amid concerns over electricity shortages since last year, Nippon Paper Industries has been supplying electricity to power companies utilizing its own in-house generators. By developing the ability to run a business as a PPS, Nippon Paper Industries will be able to supply excess power to consumers, and should the power supply in which it is currently engaged end, it will be possible to expand to other points of sale.
As a PPS, the Nippon Paper Group will respond swiftly to changes in the environment surrounding electric power and achieve competitive sales of excess power.