Japan Spot Power Price Jumps 24% to ¥24.78/kWh as Heat, Weak Yen Lift Fuel Costs

3 articles · Updated · Bloomberg · Jul 22

¥24.78 a kilowatt-hour — Japan’s nationwide day-ahead spot electricity price for Wednesday — marked the highest level since January 2023 after a 24% rise this week.
Blistering heat drove up power demand while yen weakness and escalating fuel costs raised generation expenses, creating the three-way squeeze behind the surge.
The move pushed Japan’s spot electricity market to a 3.5-year high, underscoring how weather and currency pressure are feeding directly into energy costs.

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