Live Updates > Live Update Details
2026-07-14 13:08:12
[Japan's spot electricity price surges to a six-week high, driven by both high temperatures and geopolitical risks] (1) Japan's nationwide next-day delivery spot electricity price rose to 20.13 yen per kilowatt-hour on Tuesday, up 64% from a week ago, reaching its highest level since early June. (2) This increase was mainly driven by two factors: the continued rise in temperature in the Tokyo area leading to increased electricity demand, and the renewed disruption to shipping in the Strait of Hormuz pushing up fuel import costs. (3) Weather forecasts show that a high-pressure system continues to deliver warm air to Japan, with Tokyo's temperature rising to its highest level of the year on Tuesday; the Japan Meteorological Agency predicts that Tokyo's high temperature will reach 34-35 degrees Celsius by the middle of this week, and Osaka and Kyoto will rise to 36 degrees Celsius by the end of the week, and the sweltering weather may further exacerbate the tight power supply and demand situation.
