KUALA LUMPUR, July 10 (Bernama) -- Genscape Inc and Mitsubishi Research Institute (MRI) recently signed a partnership agreement to provide real-time data services to the newly-liberated Japanese wholesale power market.
In a statement, the United States-based Genscape said both companies would collaborate on Power RT services in Japan.
MRI will facilitate Power RT platform sales in Japan and couple the data with the MRI Power Price Index (MPX) platform, providing a new service for short-term power trading.
The Japanese MRI has actively participated in market reform via its wholesale power market index publication, available on MPX platform.
This product currently serves clientele, including the former Japanese vertically integrated utilities, new power, supplier, producer players and power plant developers.
As the Japanese market opened up, Genscape harnessed its proprietary monitoring technology, proven in North America and Europe.
As changes in power plant generation significantly impact wholesale power market prices, the real-time data helps market participants understand impacts so they can execute short-term trades and build long-term strategies.
-- BERNAMA
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