J-Power Plans to Start Japan Coal-Price Index to Cut Fuel Cost
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Electric Power Development Co., Japan’s largest thermal coal buyer, wants to start a local coal-price index that includes freight and insurance as it seeks to reduce fuel costs.
The power wholesaler, known as J-Power, and at least one counterparty started a system that matches bids and offers to set a monthly price for Australian coal delivered to Japan, Atsushi Yoshida, the director of the company’s energy business department, said in an interview today in Tokyo.