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High temperatures and energy shortages push Japan's spot electricity prices to high levels

High temperatures and energy shortages push Japan's spot electricity prices to high levels

金十金十2026/05/27 02:58
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Golden Ten Data reported on May 27 that Japan's spot electricity prices have risen to their highest level in over a month, driven by expectations of abnormally high temperatures boosting electricity demand and tightened fuel supplies due to the Iran conflict. On Wednesday, Japan's national day-ahead spot electricity price increased by 2.4% from the previous day to 22.36 yen per kilowatt hour, the highest since April 9. Since the attack on Iran by the United States and Israel three months ago, Japan's electricity prices have remained near 2023 highs due to serious fuel supply disruptions caused by the near closure of the Strait of Hormuz. Expectations of high temperatures may further push up cooling demand, maintaining upward pressure on spot electricity prices. According to data from the European Centre for Medium-Range Weather Forecasts, Tokyo's weather is expected to get hotter this week. Weather agency Vaisala said Tokyo’s maximum temperature on Friday will exceed 31°C, significantly above normal levels.
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