ElecONE Unveils New Power Trading Service in Response to Upcoming Market Changes
ElecONE Inc., based in Chuo, Tokyo, has officially announced the planned release of a pioneering power trading service designed to comply with the new wholesale market system set to launch in 2026. This innovative service will revolutionize the way power trading is conducted, enhancing both efficiency and cost-effectiveness for electricity providers across Japan.
Comprehensive Solutions Since 2018
Since its inception in 2018, ElecONE has been at the forefront of the energy sector, offering cutting-edge solutions that incorporate AI technology and full automation for demand-supply management systems. The company has successfully delivered solutions to over 60 power providers, including major retail companies, showcasing the reliability and performance of its systems. Their existing AC (Aggregation Coordinator) system is also set to align with forthcoming market transactions and directives related to supply adjustments, further integrating with ElecONE's new trading services.
Seamless Transition for Existing Users
The new power trading service allows current demand-supply management operations to remain unchanged. Power providers within the ElecONE network can easily switch to the new trading service without altering their existing frameworks. This ensures a smooth transition for clients currently utilizing ElecONE's services, while also attracting new clients considering the effective solutions ElecONE offers.
Significant Cost Reduction for Market Participation
With the introduction of the new system, ElecONE anticipates substantial reductions in membership costs for market participants. The service will operate on a two-tier pricing structure, combining a monthly base fee with variable costs based on trading volume. This approach allows electricity producers and retailers to engage in wholesale trading at a significantly lower cost, maximizing profitability.
Advanced Digital Currency Payments
In line with modern advancements, ElecONE will employ a state-of-the-art digital currency payment system for transaction settlements. This system is designed to mirror the current settlement processes in the market, ensuring a seamless financial transition with the possibility of opening an account at designated financial institutions while providing a deposit.
Backup Bidding Service for Continued Operations
In addition to the primary trading service, ElecONE is developing a backup bidding service, known as Plan B. This will cater to businesses not currently using the ElecONE demand-supply management system, allowing them to engage exclusively in JEPX bidding. To ensure consistent service, ElecONE is establishing a robust alternative communication pathway via AWS infrastructure.
Evolution of Demand-Supply and AC Systems
Since launching its cloud service in 2018, ElecONE's demand-supply management and AC systems have seen rapid growth, with more than 110 providers utilizing these solutions as of mid-2025. The advanced technology provides innovative features catering to retail, generation, and FIT special positions, all automated for efficiency.
Future Directions in Power Services
This new power trading service marks just the beginning. ElecONE plans to expand its services further into balancing group solutions and BPaaS (Business Process as a Service) for power retail operations. Continuous improvements in system capabilities will allow ElecONE to solidify its position as a foundational supporter of the electricity market’s evolution. The focus will also extend to risk management, settlement services, and establishing an integrated power service platform.
Company Vision and Commitment
ElecONE's CEO, Akira Morinaga, expressed his vision stating, "Pursuing Ultimate Excellence." Since entering the energy sector, the focus has always been on thorough analysis of solutions for demand-supply management and profitability. The unique combination of fresh operational ideas and framework has led to the development of ElecONE services that meet the needs of both entry-level and top-tier companies in the energy sector. ElecONE seeks to be a game changer in the digital transformation of the power business.
About ElecONE Inc.
ElecONE is committed to creating unique systems for new electricity providers by offering essential digital transformation platforms that include demand-supply and self-delivery systems and the AC system.
Company Overview
- - Company Name: ElecONE Inc.
- - Headquarters: 2-1-7 Shinkawa, Chuo, Tokyo, 104-0033
- - CEO: Akira Morinaga
- - Business: Developing and operating demand-supply management solutions and other comparative systems.
- - Established: April 27, 1998
- - Website: https://www.elecone.jp/
Contact Information
- - Sales Inquiry: Amagata
- - Phone: 03-6228-3707
- - Email: contact@elecone.jp