#Japan #Renewable Energy #Osaka #Kadoma City #Daito City

Joint Purchasing Project for Renewable Energy

In a promising move towards sustainability, Daito City, Kadoma City, and Moriguchi City in Osaka Prefecture have announced their partnership with Enerbank Co., Ltd. to launch a joint purchasing project aimed at promoting the use of renewable energy. This initiative is part of a broader commitment from each city towards achieving their respective ‘Zero Carbon City’ declarations, and it’s a clear step towards supporting the implementation of renewable energy solutions across public facilities and local businesses.

The collaboration will leverage Enerbank’s electricity reverse auction system, known as “Ener-Oku,” which is designed to facilitate the procurement of renewable energy by enabling competitive bidding among multiple electricity suppliers. This innovative approach not only helps in reducing electricity costs through the advantages of joint purchasing but also enhances the transition to cleaner energy sources.

Detailed Overview of the Project

The joint purchasing initiative focuses on the procurement of renewable energy for public facilities in Kadoma City, as well as for local businesses in Daito and Moriguchi Cities. By utilizing the reverse auction mechanism, it aims to create a marketplace where electricity providers can bid for contracts, ensuring the selection of the most favorable power agreements. This method is expected to stabilize electricity pricing while promoting the adoption of renewable energy.

Despite the general trend of rising costs associated with renewable energy procurement—largely due to the added environmental values—it is anticipated that the competition generated through Ener-Oku will push prices down, enabling participants to secure renewable power at market-competitive rates. Furthermore, the project addresses challenges stemming from the currently volatile power market, by offering digital solutions that can handle complex pricing structures, including market-linked and unique fuel adjustment costs.

As companies increasingly feel the pressure of transitioning to carbon-neutral operations and digital transformation, this project is seen as a vital support mechanism. Acquiring renewable energy is crucial not only for advancing companies' competitive advantages but also for securing sustainable business practices. Participants are encouraged to explore involvement opportunities, thereby aligning with this initiative aimed at reducing carbon footprints.

Benefits of Participating in the Project

1. Cost Savings: Participate in joint purchasing to enjoy lower prices compared to individual procurement.
2. Environmental Contribution: Utilizing renewable energy enhances company value and reputation.
3. Risk Mitigation: Engage in stable electricity procurement less susceptible to market fluctuations.
4. Diverse Pricing Options: Navigate the increasingly complex pricing schemes following energy price hikes.
5. Digital Transformation in Procurement: Streamline complicated electricity procurement processes for greater efficiency.

Future Expansion in the Kansai Region

Looking ahead, this joint purchasing project serves as a model for similar efforts across the Kansai region, with the potential to encourage a wave of collaborative procurement projects that will further accelerate decarbonization efforts. By synchronizing such initiatives with other regional auctions, the project aims to maximize volume discounts, expanding its environmental impact.

In closing, local governments, energy retailers, and private enterprises interested in integrating renewable energy are encouraged to engage with this initiative. With the right tools and collaborative spirit, a more sustainable future is within reach.

For inquiries related to this project:

• - Local Government Officials: Contact Us
• - Energy Retailers: Contact Us
• - Businesses Considering Renewable Energy: Contact Us

Company Details

• - Company Name: Enerbank Co., Ltd.
• - CEO: Kenichi Muranaka / Co-Founder, Private Sector Affairs Officer
• - CEO: Jogo Sato / Co-Founder, Government Affairs Officer
• - CTO: Daisuke Sekine / Co-Founder
• - Location: 2-1-17 Nihonbashi, Chuo-ku, Tokyo, 103-0027 Japan
• - Established: July 2018
• - Phone: 03-6868-8463
• - Business Activities: Development and management of electricity auction systems, environmental value trading platforms, green power certificate issuance, digital concierge services for energy procurement and decarbonization.
• - Website: Enerbank Website