Shulman Advisory

Power Futures Trading Climbs to 96% of Spot Volumes

Publication date: Feb 24, 2026 Power Futures Trading Climbs to 96% of Spot Volumes In January 2026, trading volumes in Japan’s electricity futures market nearly matched the size of the spot market. The combined futures trading volume of the European Energy eXchange (EEX) and the Tokyo Commodity Exchange (TOCOM) under Japan Exchange Group (JPX) reached …

January 2026 Newsletter

Publication date: Feb 5, 2026  Japan’s ETS Takes Shape: FY2026 Rule-Making Will Define Future Carbon Costs for Power and Industry From April this year, Japan will take a decisive step into carbon pricing with the launch of its first full-scale emissions trading system (ETS). Covering an estimated 300 to 400 companies and nearly 60% of …