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Japan’s Historic Power Market Rally Triggers Government Probe

  • Spot power prices hit record high for fourth straight day
  • Surveillance commission is checking factors behind volatility
Osaka Gas Co.\'s LNG Facility Tour

Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s government is investigating if any speculative actions are accelerating the record-breaking surge in wholesale power prices, along with a winter supply crunch.

Spot power prices hit a historic high for the fourth straight day on Tuesday. The Electricity and Gas Market Surveillance Commission is investigating whether inappropriate actions are driving up rates, according to a spokeswoman.