Japan spot electricity price soars as western power plants restrict gas, coal use on Typhoon Shanshan

Day-ahead spot prices traded on the Japan Electric Power Exchange soared to the highest so far this summer Aug. 29 as gas and coal-fired power plants in the western part of the country plan to shut or cut output with the approach of Typhoon Shanshan. The spot price for Aug. 30 rose 17.8% to Yen 19.30/kWh from Yen 16.38/kWh for…Day-ahead spot prices traded on the Japan Electric Power Exchange soared to the highest so far this summer Aug. 29 as gas and coal-fired power plants in the western part of the country plan to shut or cut output with the approach of Typhoon Shanshan. The spot price for Aug. 30 rose 17.8% to Yen 19.30/kWh from Yen 16.38/kWh for…  Read More