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2026-05-27 10:59:02
【High Temperature Expectations Combined with Fuel Shortages Due to Iranian Conflict Lead to Japan's Spot Electricity Prices Rise to Over One-Month High】 (1) Japan's spot electricity prices have risen to over one month high due to expectations of unusually high temperatures boosting electricity demand, coupled with tight fuel supplies caused by the Iranian conflict. On Wednesday, the national second-day spot electricity price rose 2.4% from the previous day to 22.36 yen per kilowatt-hour, the highest since April 9. (2) Since the US-Israel attack on Iran three months ago, the Strait of Hormuz has been nearly closed, causing serious fuel supply disruptions, and Japan's electricity prices have remained close to the high levels of 2023. (3) High temperature expectations may further boost cooling demand, continuing to put upward pressure on spot electricity prices. Data shows that Tokyo's weather is expected to get even hotter this week, with the highest temperature on Friday expected to exceed 31 degrees Celsius, significantly higher than normal.
