In the fiscal year 2022, the electricity costs for homes amounted to 34 Japanese yen per kilowatt hour. The electricity costs increased multiple times since fiscal year 2016, when the figure stood at 24.31 yen per kilowatt hours.  Competition in the electricity market remains limited The competition in the Japanese electricity market remains limited as it continues to be dominated by ten regional electric utilities. Retailers of low voltage electricity mainly sell their electricity locally to homes or small shops. Tokyo Electric Power Co., Inc., also known as TEPCO, continued to rank as the largest electric power company in Japan in terms of total assets. The electric company is known for the nuclear accident at its Fukushima Daiichi Nuclear Power Plant in 2011.  Causes for rising electricity costs After the nuclear disaster, nuclear energy was replaced by fossil fuels. Since Japan lacks domestic reserves of fossil fuels, it heavily depends on imports. Consequently, the self-sufficiency rate of primary energy decreased shortly after the disaster, causing electricity costs to rise. Additionally, in recent years, a short supply of liquefied natural gas (LNG) reinforced the price increase.

Japan JP: Residential Electricity Price: USD per kWh data was reported at 0.330 USD/kWh in 2022. This records an increase from the previous number of 0.260 USD/kWh for 2021. Japan JP: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.220 USD/kWh from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 0.330 USD/kWh in 2022 and a record low of 0.190 USD/kWh in 2002. Japan JP: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

In the fiscal year 2022, the electricity costs for the industry in Japan amounted to approximately 27.55 Japanese yen per kilowatt hour. Figures peaked in fiscal 2014, reaching 20.31 Japanese yen per kilowatt hour. In comparison, electricity costs for homes in Japan remained higher throughout the past decade.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Japan (JPNCPIENGMINMEI) from Jan 1955 to Jun 2021 about energy, Japan, CPI, price index, indexes, and price.

In July 2023, the regulated tariff of the average retail price of low voltage electricity in Japan amounted to 25.3 Japanese yen per kilowatt hour. The average retail price of low voltage electricity supplied by incumbent utilities was lower, reaching 23.9 Japanese yen per kilowatt hour in that month.

Have timely access to reliable Electricity price assessments in Japan:

• Electricity, industrial sector, Japan, including generation, transmission, and distribution costs, plus taxes (power consumption > 500 kW)
• Electricity, household, Japan, for consumption over 300 kWh/month

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Japan (CPGREN01JPM657N) from Jan 1960 to Jun 2021 about fuels, electricity, energy, gas, Japan, CPI, price index, indexes, and price.

In July 2023, the average retail price of high voltage electricity in Japan that was supplied by incumbent utilities amounted to 21.4 Japanese yen per kilowatt hour, while the average retail price of new entrants amounted to 23.1 Japanese yen per kilowatt hour. Figures for both utilities indicated an upward trend in recent months.

Have timely access to reliable Natural Gas price assessments in Japan:

• Natural Gas (liquified), import spot price, dpu, Japan

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Japan (CPGREN01JPQ657N) from Q1 1960 to Q2 2021 about fuels, electricity, energy, gas, Japan, CPI, price index, indexes, and price.

Japan Consumer Price Index (CPI): TKY: Fuel, Light & Water Charges: Electricity: Electricity data was reported at 125.200 2020=100 in Jan 2025. This records a decrease from the previous number of 125.800 2020=100 for Dec 2024. Japan Consumer Price Index (CPI): TKY: Fuel, Light & Water Charges: Electricity: Electricity data is updated monthly, averaging 90.500 2020=100 from Jan 1970 (Median) to Jan 2025, with 661 observations. The data reached an all-time high of 136.900 2020=100 in Jan 2023 and a record low of 53.600 2020=100 in May 1974. Japan Consumer Price Index (CPI): TKY: Fuel, Light & Water Charges: Electricity: Electricity data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I020: Consumer Price Index: Tokyo: 2020=100.

As of the end of 2022, the cost for nuclear power generation per kilowatt hour amounted to around 24.1 Japanese yen, making up the energy source with the highest generation cost. In contrast, the generation cost of coal power per kilowatt hour stood at 16.1 yen.

Japan Wholesale Price Index: Electricity, Gas and Water data was reported at 101.000 1990=100 in Nov 1997. This stayed constant from the previous number of 101.000 1990=100 for Oct 1997. Japan Wholesale Price Index: Electricity, Gas and Water data is updated monthly, averaging 97.500 1990=100 from Jan 1965 (Median) to Nov 1997, with 395 observations. The data reached an all-time high of 129.400 1990=100 in Sep 1984 and a record low of 32.300 1990=100 in Jul 1972. Japan Wholesale Price Index: Electricity, Gas and Water data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I275: Wholesale Price Index: 1990=100.

Have timely access to reliable Coal price assessments in Japan:

• Coal (thermal), import spot price, cif, Japan

Each assessment includes Coal price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Coal price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

The size of the Power Market in Japan market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.27% during the forecast period. The power market in Japan has experienced considerable changes in recent years, influenced by regulatory reforms and the need for energy diversification. Traditionally characterized by regional monopolies, the Japanese electricity sector has witnessed a rise in competition since the initiation of deregulation in 2016. These reforms aimed to improve market efficiency and lower consumer costs by permitting new players to enter the market alongside established utilities. The establishment of retail competition, which allows consumers to select their electricity providers, signifies a substantial departure from the previously insulated market framework. In the wake of the Fukushima Daiichi nuclear disaster in 2011, Japan's energy policy has increasingly focused on renewable energy sources. The government has introduced various incentive programs, including the Feed-in Tariff (FiT) system, to encourage investment in solar, wind, and other renewable technologies. Nevertheless, Japan continues to depend significantly on fossil fuels, especially liquefied natural gas (LNG), due to the closure of numerous nuclear reactors and the gradual advancement in renewable energy adoption. Additionally, Japan is investigating advanced technologies such as smart grids and energy storage solutions to improve grid stability and accommodate a larger proportion of intermittent renewable energy. The transforming power market illustrates Japan's overarching objectives of energy security, sustainability, and market efficiency in the context of a shifting global energy environment. Recent developments include: October 2023: J-Power, a major player in the Japanese power sector, unveiled its strategy to shutter two coal-fired power plants at its Matsushima facility in southern Japan. Each of these plants has a capacity of 500 MW. This move aligns with J-Power's goal of curbing carbon dioxide (CO2) emissions by 2025. As the second-largest coal-fired power producer in Japan, trailing only JERA, J-Power is set to permanently close its No.1 plant and temporarily halt operations at the No.2 plant by March 2025. In a bid to enhance efficiency and reduce emissions, J-Power is considering constructing a gasification facility at the No.2 plant, with plans to recommence operations in 2028., October 2022: Wartsila's technology group supplied gas-fueled engines for the new 100 MW Japanese power plant. The new plant is going to operate with 10 Wartsila 34SG gas engines, replacing a 100 MW combined cycle gas turbine previously located on the site.. Key drivers for this market are: 4., Declining Price and Installation Cost of Solar PV Systems​4.; Advancements in Renewable Energy Technologies and Supportive Government Initiatives. Potential restraints include: 4., Rising LNG Costs and High Reliance on Imports Impact Natural Gas Power Generation. Notable trends are: Thermal Power Generating Source is Expected to Dominate the Market.

Have timely access to reliable Kerosene price assessments in Japan:

• Kerosene (jet fuel), import spot price, cfr, Japan

Each assessment includes Kerosene price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Kerosene price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Japan (CPGREN01JPQ659N) from Q1 1956 to Q2 2021 about fuels, electricity, energy, gas, Japan, CPI, price index, indexes, and price.

In 2024, the Consumer Price Index (CPI) of energy stood at 118.7 index points. The highest price level in the past decade was recorded in 2022, at 121.7 points. The CPI of energy includes electricity, gas, manufactured and piped liquefied propane, kerosene, and gasoline.

Have timely access to reliable Gasoline price assessments in Japan:

• Gasoline (premium), import spot price, cfr, Japan
• Gasoline (premium), retail, Japan

Each assessment includes Gasoline price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Gasoline price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Ethanol price assessments in Japan:

• Ethanol (anhydrous), import spot price, cif, Japan

Each assessment includes Ethanol price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Ethanol price assessments for Japan and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.