Shulman Advisory

Japan’s Long-Term Decarbonization Auction (LTDA) to Introduce Fixed Repayment Option for LNG Power Plants

Publication date: Oct 24, 2026  Japan’s Long-Term Decarbonization Auction (LTDA) to Introduce Fixed Repayment Option for LNG Power Plants A new mechanism will allow LNG-only thermal power plants awarded contracts in the long-term decarbonization auction LDTA to choose to fix the amount they repay from earnings in the wholesale and other markets. The auction forms …

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 …