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Japan to cap wholesale power prices at 200 yen/kWh after squeeze

The price will be capped at 200 yen ($1.93) per kilowatt hour from Jan. 17 to ensure market stability for participants. (Shutterstock)
The price will be capped at 200 yen ($1.93) per kilowatt hour from Jan. 17 to ensure market stability for participants. (Shutterstock)
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15 Jan 2021 03:01:04 GMT9
15 Jan 2021 03:01:04 GMT9

Japan will cap wholesale electricity prices as an emergency measure after a market squeeze drove prices to successive record highs amid a surge in heating demand as temperatures dropped.

The price will be capped at 200 yen ($1.93) per kilowatt hour from Jan. 17 to ensure market stability for participants, the industry ministry said in a statement. ($1=103.8000 yen) 

Reuters

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