Skip to content
Subscriber Only

Record Heat Wave Spikes Japan Electricity Prices

Temperatures in Tokyo have exceeded 93 degrees Fahrenheit since July 14

relates to Record Heat Wave Spikes Japan Electricity Prices

Japanese electricity prices jumped to the highest in almost five years as a record-setting heat wave plagues the nation. The 24-hour spot price rose 25 percent to 26.16 yen ($0.24) per kilowatt hour for delivery on Tuesday, the highest since August 2013, according to the Japan Electric Power Exchange. Temperatures in Tokyo have topped 34 degrees Celsius (93 Fahrenheit) every day since July 14, after only breaching that twice last July, according to Japan Meteorological Agency. Japan’s Fire and Disaster Management Agency has blamed at least 15 deaths on the heat since July 2.