Japan Power Prices Rise to 2-Year High on Tokyo Heat
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Japanese power prices for delivery during peak hours rose to their highest in almost two years as a heat wave continued, boosting demand from Tokyo Electric Power Co. to cool offices and homes.
Peak-load power prices increased to an average of 18.41 yen ($0.21) per kilowatt hour for delivery today on the Japan Electric Power Exchange, up 1.47 yen from yesterday, according to data compiled by the bourse. That’s the highest since Sept. 14, 2008, when the average price was 19.22 yen, according to the exchange’s website.