【Part 1】Total 2 Parts: Seminar "Learning from Scratch: Capacity Market, Supply-Demand Adjustment Market & Simultaneous Market" by Ken Ichimura, President & CEO of Energy Pool Japan Co., Ltd., to be held on Friday, May 22, 2026!!

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**Total 2 Parts: Learning from Scratch**

**Fundamentals and Cutting-Edge Issues of the Capacity Market / Supply-Demand Adjustment Market & Simultaneous Market**

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[Seminar Details] https://www.ssk21.co.jp/S0000103.php?gpage=26269

[Lecturer] Ken Ichimura, President & CEO, Energy Pool Japan Co., Ltd.

Committees and Councils (as of April 2026): - Agency for Natural Resources and Energy, Distributed Energy Promotion Strategy Working Group - Agency for Natural Resources and Energy, Study Group on Next-Generation Distributed Power Systems - Agency for Natural Resources and Energy, ERAB Study Group - Agency for Natural Resources and Energy, Study Group on the Ideal State of the Simultaneous Market - Organization for Cross-regional Coordination of Transmission Operators (OCCTO), Committee on Adjustment Capability and Supply-Demand Balance Evaluation, etc. - Organization for Cross-regional Coordination of Transmission Operators (OCCTO), Supply-Demand Adjustment Market Review Subcommittee - Organization for Cross-regional Coordination of Transmission Operators (OCCTO), Study Group on Future Electricity Supply-Demand Scenarios

[Date and Time] Part 1: Friday, May 22, 2026, 1:00 PM - 3:00 PM Part 2: Friday, June 5, 2026, 1:00 PM - 3:00 PM

[How to Attend] ■ Live Streaming (Zoom Webinar) ■ Archived Streaming (available for 2 weeks, viewable at your convenience any number of times)

[Key Lecture Contents] Electricity system reform has progressed with institutional development aimed at promoting competition and improving efficiency. However, in recent years, its very premise has been shaken by rising geopolitical risks and economic security concerns. In particular, instability in the Middle East and disruptions in resource supply chains have directly impacted electricity supply and demand through soaring fuel prices and supply constraints, making the assurance of "stable supply" a heavier policy challenge than ever before. In this environment, it is indispensable to incorporate perspectives such as securing supply capacity and strengthening resilience into the system, beyond merely pursuing market efficiency. The capacity market, supply-demand adjustment market, and the simultaneous market and medium-to-long-term trading market, which are under consideration for introduction, are required to evolve in a direction that enhances resilience against such external risks.

This lecture will organize the basic mechanisms and interrelationships of these markets, and provide an easy-to-understand explanation of the forefront of institutional design based on geopolitical constraints, returning to the essence of the electricity business. The lecturer, who was involved in drafting the "Basic Energy Policy Act," often called the constitution of energy policy, and currently serves as a committee member for the Agency for Natural Resources and Energy and OCCTO, will explain the fundamentals and essence of the capacity market in Part 1, titled "Learning from Scratch: Electricity Business and Capacity Market," and the fundamentals and essence of the supply-demand adjustment market and its relationship with the simultaneous market in Part 2, titled "Learning from Scratch: Electricity Business and Supply-Demand Adjustment Market & Simultaneous Market."

*Each session is an independent lecture, so you can attend them individually.

Part 1: Learning from Scratch: Electricity Business and Capacity Market 1. Fundamental Discussion: What is Electricity System Reform? 2. Learning from Scratch: Capacity Market (1) Why is a Capacity Market Necessary? (2) Status and Challenges of Capacity Markets Overseas (3) Basic Scheme of Japan's Capacity Market (4) Main Auction (5) Additional Auction (6) Long-term Decarbonization Power Source Auction (7) Reserve Power System (8) kW Public Offering (9) What is the Medium-to-Long-Term Trading Market? 3. Summary: What I want to share about kW value 4. Q&A

Part 2: Learning from Scratch: Electricity Business and Supply-Demand Adjustment Market & Simultaneous Market