Shulman Advisory

Japan’s GX-ETS Market Design: Implications for Power Prices and Market Dynamics

Publication date: Oct 5, 2026  Key Takeaways Japan’s GX-ETS is moving toward full implementation, with mandatory participation for large emitters beginning in FY2026 and a dedicated emissions allowance trading market planned for fall 2027. Power generators are expected to become subject to mandatory participation from Phase 3 in FY2033. For the power sector, the key …

Japan’s Household Electricity Bills to Hit Record Highs in October as Subsidies End

Publication date: Oct 2, 2026  Japan’s Household Electricity Bills to Hit Record Highs in October as Subsidies End Japan’s ten major utilities say household electricity bills for power consumed in October will reach record highs. Under their government-approved regulated tariffs, bills for a standard model household will increase by JPY 835–1,578 for payments due in …