Japan Power Prices Rise as More Utilities Decline New Customers
- Wholesale power price trading at double the 5-year average
- Top utilities suspend new contracts for high-voltage clients
Illuminated signs in downtown Tokyo.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Japan’s spot power price rose in the last week, ratcheting up pressure on utilities that are struggling to take on new clients amid mounting costs.
The average price for next-day delivery was at 15.47 yen per kilowatt hour on Monday, up 26% from previous week, according to data compiled by the Japan Electric Power Exchange. That’s more than double the 5-year average.