Heat Wave Slams Japan’s Power Market

Japan’s wholesale electricity price just hit its highest level since 2023, a heat-fueled spike made worse by costlier imported fuel. Story Snapshot Nationwide day-ahead power price jumped 20% in a week to ¥25.18 per kilowatt-hour, the highest since January 2023. Intense heat lifted electricity demand while Middle East disruptions pushed up fuel costs. Japan’s heavy […]