The International Energy Agency recently released a report saying that due to the blockage of shipping in the Strait of Hormuz, the average wholesale spot price of electricity in Japan reached 90 US dollars per 1,000 kilowatt-hours in the second quarter of this year, up about 30% from the same period last year. Japan's Kyodo News quoted the International Energy Agency's report on the 1st as reporting that the blockage of shipping in the Strait of Hormuz has led to a stagnation in the supply of liquefied natural gas produced in the Middle East and caused the above effects. According to the report, electricity prices may continue to rise along with the increase in demand for electricity brought about by the intense heat and the prolonged blockade. The report predicts that the average wholesale electricity price in Japan will reach 105 US dollars per 1,000 kilowatt-hours in the second half of 2026, an increase of about 40% over the previous year. According to data from the Japan Agency for Resources and Energy, thermal power generation using liquefied natural gas as fuel accounts for about 30% of Japan's total power generation, so electricity prices are easily affected by the LNG international market.

The International Energy Agency recently released a report saying that due to the blockage of shipping in the Strait of Hormuz, the average wholesale spot price of electricity in Japan reached 90 US dollars per 1,000 kilowatt-hours in the second quarter of this year, up about 30% from the same period last year. Japan's Kyodo News quoted the International Energy Agency's report on the 1st as reporting that the blockage of shipping in the Strait of Hormuz has led to a stagnation in the supply of liquefied natural gas produced in the Middle East and caused the above effects. According to the report, electricity prices may continue to rise along with the increase in demand for electricity brought about by the intense heat and the prolonged blockade. The report predicts that the average wholesale electricity price in Japan will reach 105 US dollars per 1,000 kilowatt-hours in the second half of 2026, an increase of about 40% over the previous year. According to data from the Japan Agency for Resources and Energy, thermal power generation using liquefied natural gas as fuel accounts for about 30% of Japan's total power generation, so electricity prices are easily affected by the LNG international market.