Japan spot electricity price rises 3% for July 30 after soaring 24% on robust power demand

Spot prices traded on the Japan Electric Power Exchange rose further for July 30, with the 24-hour day-ahead price rising 2.8% to Yen 17.24/kWh on the day after jumping 23.8% to Yen 16.77/kWh for July 29, as power demand soared because of heatwaves hitting the country. Tokyo’s integrated reserve power supply capacity ratio dropped to 5.97% during 30 minutes to…Spot prices traded on the Japan Electric Power Exchange rose further for July 30, with the 24-hour day-ahead price rising 2.8% to Yen 17.24/kWh on the day after jumping 23.8% to Yen 16.77/kWh for July 29, as power demand soared because of heatwaves hitting the country. Tokyo’s integrated reserve power supply capacity ratio dropped to 5.97% during 30 minutes to…  Read More