Shulman Advisory

Prices Hit Cap in Second FY2025 NFC Auction as Non-FIT Volumes Rise

Publication date: Dec 9, 2025  Prices Hit Cap in Second FY2025 NFC Auction as Non-FIT Volumes Rise The Japan Electric Power Exchange (JEPX) has released the results of the second-round of the Non-Fossil Value Trading Market (or Non-Fossil Certificate (NFC) Auction) for FY2025. Prices for Non-FIT (Feed-in-Tariff) NFCs, both certificates “without renewable energy designation”, mainly …

The Role of LNG in Japan’s Energy Transition and Upcoming GX-ETS Impacts

Publication date: Dec 1, 2025  The Role of LNG in Japan’s Energy Transition and Upcoming GX-ETS Impacts Despite the Japanese government’s recent push to significantly increase the share of renewable energy in the energy mix, Japan still relies heavily on thermal power (natural gas, coal, and oil) for about 70% of total generation. Among the …

Japan Revises Offshore Wind Auction Rules Ahead of First Round Re-Auction

Publication date: Dec 1, 2025  Japan Revises Offshore Wind Auction Rules Ahead of First Round Re-Auction The Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) jointly held an expert meeting to review the offshore wind (OSW) auction system and presented a new set of proposed evaluation …

Government Details Tender Process for Selecting GX Data-Center Clusters

Publication date: Nov 22, 2025  Government Details Tender Process for Selecting GX Data-Center Clusters The Working Group (WG) of Public-Private Advisory Council on Watt-Bit, which focuses on effective coordination between power and telecommunication, has outlined the details for selecting Data Center (DC) Clusters based on GX (green transformation) Strategic Areas through a public tender process. …

Japan Outlines 2050 Roadmap for Introducing Next-Generation Geothermal

Publication date: Nov 17, 2025 Japan Outlines 2050 Roadmap for Introducing Next-Generation Geothermal Japan Outlines 2050 Roadmap for Introducing Next-Generation Geothermal The public-private council on next-generation geothermal power has finalized a 2050 roadmap to introduce the technology, with the roll out beginning in 2030. The plan states that the previously indicated installation target of 7.7 …

Rethinking Renewable Procurement: How GHG Protocol Reforms May Reshape Japan’s Corporate Market

Publication date: Nov 14, 2025 Rethinking Renewable Procurement: How GHG Protocol Reforms May Reshape Japan’s Corporate Market Corporate decarbonization reporting is about to change. The next revision of the GHG Protocol will reshape how organizations measure and verify their Scope 2 electricity emissions. In Japan, a growing number of companies, particularly those with global operations, …

Japan Seeks to Balance Renewable Growth With Environmental and Regional Considerations

Publication date: Nov 10, 2025 Japan Seeks to Balance Renewable Growth With Environmental and Regional Considerations According to a report by Fuji Keizai, Japan’s domestic green electricity retail market is projected to reach around JPY 4.8 trillion in FY2040, 6.9 times the FY2023 level, while the domestic market for solar power PPA services is projected …

Japanese Government’s Growing Leadership Role in the Offshore Wind Market

Publication date: Nov 3, 2025 Japanese Government’s Growing Leadership Role in the Offshore Wind Market Offshore wind power in Japan made headlines this summer when Mitsubishi Corporation announced its withdrawal from 1.7 GW of projects awarded in the first offshore wind auction held in 2021. Although the exit by Japan’s largest trading house left a …

Strategic Procurement in Japan: Managing Risk Beyond the Basics

Publication date: Nov 3, 2025 Strategic Procurement in Japan: Managing Risk Beyond the Basics Japan’s electricity market stability was tested during the 2021–2022 global energy crisis, when LNG import prices surged 300% year-over-year and exposed the vulnerability of relying solely on traditional retail contracts. For industrial consumers, effective risk management has evolved from a back-office …

EPRX Revises FY2026 Balancing Market Rules to Encourage Greater Participation

Publication date: Nov 2, 2025 EPRX Revises FY2026 Balancing Market Rules to Encourage Greater Participation EPRX Revises FY2026 Balancing Market Rules to Encourage Greater Participation The Electricity Power Reserve eXchange (EPRX), which operates the balancing market, has held an online briefing session to explain revisions to trading rules for FY2026 onwards. A total of 238 …