Japan's nationwide average power price jumped more than 25% week-on-week to $0.19 (31.15 yen) per kWh on Monday, according to Bloomberg citing Japan Electric Power Exchange data. The rise follows surging LNG prices, with the spot price for north-east Asia delivery in December assessed at $29.30 per MMBtu, up from $26.50 a week earlier and the highest since December 2022, as few cargoes exit the Strait of Hormuz and Europe competes for winter supply. Japan and other Asian countries have shifted from gas to coal for power generation, but coal prices have also risen, with the Newcastle futures benchmark up 30% from pre-war levels due to reduced supply from Indonesia. Scheduled maintenance at some power plants ahead of winter also contributed to higher prices this month.
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Related tickers and likely impact
USD/JPY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 157.995 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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