Oracle Japan Focuses on IT System Initiative for Electric Industry in Japan
Apr 26, 2013 (M2 PRESSWIRE via COMTEX) --
Sparks new proposals for electric companies in Japan by utilizing Oracle's best practice of electric utilities deregulation and separation of electricity generation and transmission/distribution in overseas markets
TOKYO, Japan -- The Electricity System Reform , pursued by the Japanese Government, aims to achieve three purposes: [i] securing the stable supply of electricity, [ii] suppressing electricity rates to the maximum extent possible and [iii] providing consumers with choices as well as business operators with opportunities to expand their businesses. To achieve these goals, a dramatic reform will be steadily carried out according to a realistic schedule, focusing on the following three pillars:
Expanding operations of wide-area electrical grids;
Fully liberalizing the electricity retail market into which retail entities are able to enter; and
Further securing neutrality of the power transmission/distribution sector through the legal structural separation and fully liberalizing electricity rates*.
With this, Oracle Japan will focus on two pillars: liberalization of the electricity retail market and the separation of electricity generation and transmission/distribution.
Oracle Japan's initiatives can enhance propositions to electric companies, new power producer and suppliers (PPS), public agencies and local governments in Japan by taking advantage of its expertise and best practices of electric utilities deregulation and separation of electricity generation and transmission/distribution in overseas markets, including North America, Europe, and Asia.
Also, Oracle Japan has organized a new team to focus on this business in utilities in Japan. The team will deliver integrated solutions that combine Oracle Applications, including Oracle Utilities, the Oracle E-Business Suite, Oracle Hyperion, and Oracle Engineered Systems, including Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud. Oracle's integrated solutions enable billing and customer management, meter data management, blackout/distribution management, microgrid, material procurement management, maintenance of power generation/transmission facilities, and the creation of facility plans.
"Oracle Utilities offers solutions that connect smart metering to customers, business, and operational processes across the electricity utility value chain," said Rodger Smith, group vice president and general manager, Oracle Utilities. "Oracle Utilities is excited to see how the recent electric reformation initiatives in Japan will affect Japanese utilities for the better, enabling utilities to efficiently manage electricity supply and expand their businesses now and in the future."
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* Reference from news release - Cabinet Decision on the Policy on Electricity System Reform, issued on April 2, 2013 by Agency for Natural Resources and Energy of Ministry of Economy, Trade and Industry . http://www.meti.go.jp/english/press/2013/0402_01.html
About Oracle Utilities
Oracle Utilities delivers proven software applications that help utilities of all types and sizes achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware, database technologies, as well as servers and storage. The software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands and deliver on environmental conservation commitments. Additionally, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that enhance efficiency and provide critical intelligence metrics that can help drive more-informed energy and water usage decisions for consumers and businesses. For more information, visit www.oracle.com/goto/utilities .
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com .
About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to utilities, helping speed time to market, reduce costs, and gain a competitive edge.
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