Shulman Advisory

Japan Accelerates Nuclear Restarts and Amends Public Financing Rules

Publication date: March 2, 2026 Japan Accelerates Nuclear Restarts and Amends Public Financing Rules On February 16, Tokyo Electric Power Company (#TEPCO) resumed power transmission from Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Plant in Niigata Prefecture, marking the first transmission from the unit in 14 years. It is the second reactor restart in East …

METI Allows BG-Based Joint Procurement for Retail Supply Obligations

Publication date: Feb 17, 2026 METI Allows BG-Based Joint Procurement for Retail Supply Obligations The Ministry of Economy, Trade and Industry’s (METI) Working Group (WG) on System Design Based on the Review of Power System Reforms decided the following points regarding the planned retailer’s obligation to secure 50% and 70% of supply volumes (in kWh) …

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, …

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 …