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Power: Jan 7-11: Most markets hold firm, Tokyo and Tohoku weaken

2019/01/14 07:00

Wholesale electricity prices in Tokyo and Tohoku areas were down a fraction in the week ended January 11, while other Hokkaido and six Western markets held firm. Based on the Rim Power Index (Day ahead 24 hours), the weekday power prices in the eastern market averaged out at 12.02 yen per kilowatts hour (kWh), down 0.40 yen/kWh or 3.2% compared with the week to December 21 just before the year-end and New Year holidays, meanwhile in the western at 9.00 yen/kWh, down 0.13 yen/kWh, or 1.5%. The premium of the eastern market to the western narrowed to 3.02 yen/kWh from 3.55 yen/kWh seen in the pre-holiday week.

The total electricity usage covering Hokkaido to Kyushu for Monday, Jan 7 to Wednesday, Jan 9 was at 8,272,138 megawatts hour (MWh), compared with 8,272,138 MWh for the same period of the pre-holiday week, the available data as of Jan 10, that were compiled by the Organization for Cross-regional Coordination of Transmission Operators, Japan (OCCTO), indicated. In the Tokyo and Tohoku areas, sellers appeared to enhanced their supply capacity, though prices other areas reflected increasing demand.

On the Japan Electric Power Exchange (JEPX), the weekday average of System Price (Day ahead 24 hours), which are calculated from data of 9 areas (excluding Okinawa), increased by 0.02 yen/kWh or 0.2% to 10.44 yen/kWh from the pre-holiday week with the average volume bubbling 34,360 megawatts hour (MWh) or 4.3% to 840,258 MWh.

 

JEPX: System Price (Day Ahead 24 hour)

Weekday Price

7-Jan

8-Jan

9-Jan

10-Jan

11-Jan

 

Average

24-Hour Ave

10.13

10.24

10.51

10.96

10.38

 

10.44

Volume (MWh)

829,180

845,451

840,554

846,038

840,069

 

840,258

(unit: yen per kWh)  (date: delivery day) 

New record

 

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