By Reuters Staff
5 Min Read
TOKYO, Nov 27 (Reuters) - Trading of a Japanese power market derivative offered by the European Energy Exchange (EEX) has surged in the six months since its launch, as overseas traders and investors pile into the world’s fourth-biggest electricity market.
The surge highlights growing overseas interest in the once-closed sector after reforms prompted by the 2011 Fukushima nuclear disaster gradually opened it up.
Here is a timeline of changes: 1886 The sector’s origins date from the formation of private firm Tokyo Electric Light Co. in the late 1800s, followed by others in the wake of the late 1860s Meiji restoration.
2 Min Read
TOKYO, Dec 17 (Reuters) - Power prices in Japan surged on Thursday to the highest in more than two years as a cold snap gripped the country, fueling demand for heating amid reduced generation capacity with nuclear plants offline and higher liquefied natural gas (LNG) costs.
Electricity prices reached 60.5 yen (59 cents) per kilowatt hour on the Japan Electric Power Exchange, the highest since late July 2018, according to exchange data.
The rise underlines the potential for tightness in Japan’s power market as the country’s moribund nuclear sector struggles to return to its former position nearly 10 years after the Fukushima crisis.
(Adds LNG shipment delay, other details)
TOKYO, Dec 17 (Reuters) - Power prices in Japan surged on Thursday to the highest in more than two years as a cold snap gripped the country, fueling demand for heating amid reduced generation capacity with nuclear plants offline and higher liquefied natural gas (LNG) costs.
Electricity prices reached 60.5 yen (59 cents) per kilowatt hour on the Japan Electric Power Exchange, the highest since late July 2018, according to exchange data.
The rise underlines the potential for tightness in Japan’s power market as the country’s moribund nuclear sector struggles to return to its former position nearly 10 years after the Fukushima crisis.