Publication date: Oct 2, 2024 September 2024 Monthly Newsletter Friends and Colleagues, The intense summer heat in Japan has continued into September, draining LNG inventories – although the promise of cooler days ahead should provide some temporary relief from high power demand through October and November. In this month’s newsletter, we explore the follow-up discussions …
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Publication date: Sept 20, 2024 Japan’s Master Plan for Cross-Regional Grid Coordination to Be Reviewed Amid Growing Power Demand Japan’s Master Plan for Cross-Regional Grid Coordination to Be Reviewed Amid Growing Power Demand The Ministry of Economy, Trade and Industry (METI) and the Agency for Natural Resources and Energy (ANRE) intend to consider reviewing the …
Publication date: Sept 5, 2024 August 2024 Monthly Newsletter Friends and Colleagues, As we transition from one of the hottest summers on record into the slightly cooler days of September, Japan’s energy sector remains as dynamic as ever. In this month’s newsletter, we delve into the strategic developments as the country gears up for Round 4 …
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Publication date: Aug 30, 2024 The Impact of Temperature and Weather on Japan’s Wholesale Electricity Market Temperature and climate change significantly influence Japan’s wholesale electricity market. Temperature fluctuations, such as hot summers and cold winters, impact electricity demand due to the increased use of heating and cooling systems, which in turn influences market prices. Weather …
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Publication date: Aug 30, 2024 JEPX Introduces Tracking Information for All Non-Fossil Certificates The full tracking of all Non–Fossil Certificates (NFCs) began earlier this month at the first NFC auction of the fiscal year. Traded via the Japan Electric Power Exchange (JEPX), all NFCs will now include information such as the type of power generation, …
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Publication date: Aug 16, 2024 Japan’s GX League Forms Working Groups for “Market Rule-Making” Initiative Japan’s “Green Transformation” initiative, “the GX League” has announced the formation of three key Working Groups as part of its 2024 Market Rule Formation Forum: GX Product Social Implementation Promotion WG: This group, led by the Ministry for Economy, Trade …
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Publication date: Aug 13, 2024 Japan to Provide Incentives for Industry in Regions With Decarbonized Power The Japanese government will promote industrial clustering in regions with more decarbonized power sources such as renewable energy and nuclear power, by offering corporate tax incentives and subsidies. This vision was presented during the GX2040 Leaders Panel, an expert …
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Publication date: August 5, 2024 July 2024 Monthly Newsletter Welcome to the July edition of our monthly newsletter. As the rainy season recedes and the nation continues to experience above-average temperatures, electricity demand is surging, causing tight supply-demand situations in the Tokyo area and sudden spikes in wholesale prices. Amid these developments, Japan’s power market …
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Publication date: Aug 2, 2024 TOCOM’s Power Futures Trading Volume Jumps Sharply in Q2, Lags EEX Trading of power futures on the Tokyo Commodity Exchange (TOCOM) has surged, with volumes from April to June 2024 reaching 397GWh, eight times higher than the previous quarter and the second highest quarterly total on record. The exchange’s busiest …
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Publication date: July 12, 2024 METI Beefs up Second Decarbonization Auction Japan’s Ministry of Economy, Trade, and Industry (METI) and the Agency for Natural Resources and Energy (ANRE) are preparing for a second long-term decarbonization power auction (LTDA), with several changes announced. The auction is designed to promote investment in new flexible carbon-free and low-carbon …
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