Shulman Advisory

JEPX Spot Price Hits Three-and-a-Half-Year High Despite Adequate Summer Reserves

Publication date: Aug 10, 2026  JEPX Spot Price Hits Three-and-a-Half-Year High Despite Adequate Summer Reserves Despite record-breaking heat this summer so far, the Ministry of Economy, Trade and Industry (METI) has refrained from issuing electricity conservation requests as reserve margins from July through September are expected to remain above the 3% minimum required for stable …

The Okhotsk Story: What Happened to the Hot Summer?

Publication date: July 16, 2026  The Okhotsk Story: What Happened to the Hot Summer? What happened Every major forecaster predicted a hot summer. Instead, June was the coolest in the Reiwa era, the coldest since 2012. Tokyo had just 2 days above 30°C (same as Sapporo). Average temperature was 21.5°C, which was lower than in …