The European Energy Exchange has established a subsidiary in Japan to strengthen ties with local stakeholders including the trading community and authorities.
Over the past four years, EEX Japan power futures have seen a total volume of 54 TWh traded to date. In February 2024, a monthly record of 6.6 TWh was achieved, contrasting the total annual traded volume of 18.3 TWh in 2023 and the 2022 annual volume of 6.7 TWh. EEX’s market share on the Japanese power futures market has increased significantly with a steady 96%-plus since July 2023, according to a press statement.
Japan is the fourth largest power market in the world, with an annual consumption of around 900 TWh. According to Japan's Institute for Sustainable Energy Policies, about 30% of the total electricity generated in the country during 2022 came from LNG.
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