Spot electricity prices in Japan rose to 24.13 yen/kilowatt-hour on Monday. The price of liquefied natural gas remains high. Combined with the upcoming typhoon, photovoltaic power generation is expected to be curtailed this week. Despite a drop in temperature due to overcast weather across Japan, electricity prices for next-day delivery across Japan hit a new high since next Wednesday. Due to market concerns that the suspension of shipping in the Strait of Hormuz may continue to be affected for a long time, the JKM price, the main spot benchmark for liquefied natural gas in Northeast Asia, remained high at 24.025 US dollars/million British thermal units.

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