52. How often do you buy clothes?
77. Are you an introvert or an extrovert?
The reason why new power companies have stopped accepting bids or have withdrawn from the business is because the days when this JEPX spot market price reaches 80 yen/kWh have been going on and on since the beginning of 2010.
The electricity market is a market. If there is a surplus of electricity, the bid price goes down, and if there is a shortage of electricity, the bid price goes up. The spot market is a blind single-price auction, which means that once a contract price is determined, all market prices are traded at that price. Even if Masuda-san bids 10 yen, if many people bid 20 yen, it will be 20 yen, and if many people bid 5 yen, it will be 5 yen.
Then what happens? Many people think, "I'm going to buy it at the imbalance fee of 80 yen/kWh anyway, so I'll bid 80 yen for it. Here is the URL of Enexchange's website, which shows the spot market price in an easy-to-understand manner.
How much is the gross profit on something that sells for 25 yen? 8 yen, 5 yen, 3 yen? Let's assume that 90 out of every 100 jobs generate a gross profit of 5 yen, which is a profit of 450 yen. If 10 out of 100 sell at that price, the profit is 550 yen.
450 - 550 = -100.
This is the impact of a spot market price of 80 yen. Imagine if you had a customer base of tens of thousands of dollars, and you have to blow millions of dollars every day for a month. I think you can understand a little bit of the logic behind the suspension of acceptance and shutdown of business.
Of course, calculating the cost of procuring electricity is not this simple. I mean, I can't write about the inside story of procurement in my business because it would violate confidentiality. I wrote what I could find out just from the spot market, where the amounts are visualized by the general public. I didn't tell the whole story, if you think about it. Sorry. It's a title fraud.
In essence, I think "don't liberalize the infrastructure in the first place" is right. However, to put some position talk into it, I think that the various things that happened in the aftermath of Fukushima and the licking at the Kashiwazaki nuclear power plant were the result of being lenient because it was infrastructure, and I think there is some nuance to that.
However, I don't think that the designers of the system anticipated this level of instability in the power supply when the system was liberalized in April 2004. I was impressed when the supply-demand crunch warning came out. I was like, "This is it! That rumored ！！！！ Supply and demand crunch alert: ！！！！！！！" I was so excited. There's no way there's going to be rolling blackouts! It's about to happen!
However, in the extreme, retailers are wholesalers, and while they are wholesalers, the products they sell are not all that different. How can you make a difference in a commodity like electricity? It is usually impossible. It's hard to add value to a product because it's all about price. Of course it's not impossible. There are plans, decarbonization, optional services, and so on. But there is no difference in the electricity itself. I think it's possible to point out that the reason why various new electric power companies flocked to the market was because hyenas gathered in the industry that was assured of a sweet deal in infrastructure ......, and that's true for a percentage of the population. I think all electric power companies are looking for ways to add value to electricity.
B: Black proportion of population. (1970 US Census)
This is already offensive to 2019 eyes (and hopefully 1975 eyes). But let’s try to give the authors the benefit of some doubt that I’m missing something historical, or otherwise relevant, that would warrant the inclusion of this field in the “common specification” of hedonic house pricing.
“We still have beds available, but what’s really challenging is managing our human resources,” Health Minister Marta Temido told Portuguese broadcaster RTP on Monday, calling the current reality “unimaginable.”
"In the request, officials said the city’s hospital “is reaching an unsustainable situation” made worse by the inability of other nearby hospitals to help. They said their request was highly urgent, warning of “a potentially catastrophic situation.”
The crisis is accelerating major changes in how we live online, many of which will be permanent - e.g. some firms which can function effectively with a remote workforce will close offices to save costs, whilst many commuters will be reluctant to resume that lifestyle.
Although investment in electric vehicles has fallen, if air pollution is shown to be a contributory factor in coronavirus deaths (currently unclear but postulated), this may lead to renewed efforts to remove polluting vehicles and other sources of air pollution.
Restrictions on the trade of exotic animals will increase, possibly also with greater protections for wildlife. (Epidemiologists were warning for decades that "the presence of a large reservoir of SARS-CoV-like viruses in horseshoe bats, together with the culture of eating exotic mammals in southern China, is a time bomb".)