Japan's Electricity Prices Surge 25% As LNG And Coal Costs Soar
Japan's Electricity Prices Surge 25% As LNG And Coal Costs Soar Authored by Tsvetana Paraskova via OilPrice, Japan's average power prices jumped by over 25% at the start of this week from the previous week amid soaring LNG and higher coal prices. The nationwide power price rose by over 25% week-to-week to $0.19 (31.15 Japanese yen) per kilowatt-hour (kWh) on Monday, Bloomberg reported, citing data from Japan Electric Power Exchange. Japan, one of the world's biggest LNG importers, this summer reduced gas-fired generation in favor of coal as the price of liquefied natural ga