Shulman Advisory

Japan Power Market Insights

Stay up-to-date with the latest news in the Japanese energy market

through our Insights blog, covering timely and notable occurrences in the industry

Japanese Government’s Growing Leadership Role in the Offshore Wind Market
Wind/Offshore Wind
November 3, 2025

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...

Strategic Procurement in Japan: Managing Risk Beyond the Basics
Electricity
November 3, 2025

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...

EPRX Revises FY2026 Balancing Market Rules to Encourage Greater Participation
Balancing Market
November 2, 2025

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...

METI Moves to Reshape Japan’s Balancing Market with New Price Cap Limits
Balancing Market
October 30, 2025

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...

Mid-Long Term Market to Adopt Continuous Trading for One-Year Delivery
Electricity
October 28, 2025

 The Working Group (WG) on System Design based on the Review of Power System Reforms has been discussing the institutional design of Japan’s Mid-Long Term...

METI Grants First Price Gap Support for Hydrogen and Ammonia Supply Projects
Hydrogen/Ammonia
October 21, 2025

The Ministry of Economy, Trade and Industry (METI) has approved the first projects for a price gap support program that subsidizes the cost difference between...

Six Common Pitfalls in Japan’s Retail License Process — and How to Avoid Them
Retail Market
October 19, 2025

Entering the Japanese wholesale electricity market is complex and involves many steps. From language barriers to post-license registrations, each stage presents unique … Continue reading...

Powering Through Winter: Japan’s 2025-26 Winter Weather Forecast
Electricity
October 16, 2025

Japan registered the hottest summer in history this year, surpassing the previous records in 2023 and 2024 (Nikkei). As Japan transitions from an eventful 2025...

Why Wheeling Agreements Matter for New Electricity Retailers
Retail Market
October 11, 2025

As Japan’s power market continues to evolve following its full retail liberalization in 2016, new electricity retailers face a challenging operating environment. One of the...

Japan’s New Leader to Make Nuclear Center of Energy Strategy
Energy
October 7, 2025

Former economic security minister Sanae Takaichi was elected on Saturday as the first female president of the Liberal Democratic Party and is now set to...

Navigating Japan’s Evolving Power Market
Electricity
October 2, 2025

Japan’s electricity market has undergone a significant transformation since liberalization in 2016, but the landscape continues to evolve. Ten regional utilities still control around 80%...

Activating Flexibility: Growing Aggregator Business and Market Outlook
Energy
October 1, 2025

Since the introduction of the “Designated Wholesale Supply Business Operator System” (commonly referred to as the aggregator system) in April 2022, the aggregation business has...

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