Shulman Advisory

Japan Modifies Proposed FY2026 Balancing-Market Reforms

Publication date: Feb 7, 2026 Japan Modifies Proposed FY2026 Balancing-Market Reforms In October 2025, the Ministry of Economy, Trade and Industry (METI) proposed a reduction in the balancing market price cap to JPY 7.21 starting from FY2026. This was met with widespread criticism from market participants, who claimed it could undermine market dynamics. Following discussions, …

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 …

METI Moves to Reshape Japan’s Balancing Market with New Price Cap Limits

Publication date: Oct 30, 2025 METI Moves to Reshape Japan’s Balancing Market with New Price Cap Limits METI Moves to Reshape Japan’s Balancing Market with New Price Cap Limits The secretariat of METI’s System Review Working Group proposed some major changes to the balancing market from FY 2026, including reducing the price cap for combined …

New Rules on Bidding Price in the Balancing Market

Publication date: June 9, 2025 New Rules on Bidding Price in the Balancing Market New Rules on Bidding Price in the Balancing Market The Electricity and Gas Market Surveillance Commission, a body under the Minister of Economy, Trade and Industry, established to monitor markets and promote fair competition, will now require bidders in the balancing …