By Reuters Staff
2 Min Read
TOKYO, Jan 13 (Reuters) - Japan’s power market regulator said on Wednesday there was no “improper behaviour” found in trading on the electricity exchange as prices hit record highs with rising demand for heating with frigid temperatures gripping much of the country.
The island country’s benchmark power price hit an all-time high of 232.2 yen ($2.24) per kilowatt hour on Wednesday, according to the Japan Electric Power Exchange website.
“We have not found any improper behaviour in auctions for spot trading, but we will continue to closely watch the activity,” Yoshiaki Kuroda, director of market policy planning at the Electricity and Gas Market Surveillance Commission, told Reuters.
Severe cold spells and surging power demand are tightening Japan’s power supply amid declining LNG stocks and low renewable output, Minister of Economy, Trade and Industry Hiroshi Kajiyama said Jan. 12, with utilities undertaking emergency fuel procurement. “Amid severe cold weather, power demand is increasing significantly compared to levels in normal years,” Kajiyama said at .
Japan’s power market regulator said on Wednesday there was no “improper behaviour” found in trading on the electricity exchange as prices hit record highs with rising demand for heating with frigid temperatures gripping much of the country. The island country’s benchmark power price hit an all-time high of 232.2 yen ($2.24) per kilowatt hour on .
2 Min Read
TOKYO, Jan 7 (Reuters) - JERA, Japan’s biggest electricity generator and the world’s largest buyer of liquefied natural gas (LNG), is operating gas- power plants at lower rates as it runs down inventories amid rising heating demand as temperatures drop.
The company joins other Japanese power generators reducing run rates on their gas plants as they compete with LNG buyers across northern Asia scrambling to secure supplies, sending prices higher.
Tight fuel supplies are also highlighting vulnerabilities in Japan’s electricity grid that make it harder to swap power supplies between areas a decade after the Fukushima nuclear disaster set off government-led changes to prevent such situations.
(Repeats story published on Thursday)
TOKYO, Jan 7 (Reuters) - JERA, Japan’s biggest electricity generator and the world’s largest buyer of liquefied natural gas (LNG), is operating gas- power plants at lower rates as it runs down inventories amid rising heating demand as temperatures drop.
The company joins other Japanese power generators reducing run rates on their gas plants as they compete with LNG buyers across northern Asia scrambling to secure supplies, sending prices higher.
Tight fuel supplies are also highlighting vulnerabilities in Japan’s electricity grid that make it harder to swap power supplies between areas a decade after the Fukushima nuclear disaster set off government-led changes to prevent such situations.