BY ANDREW STATTER
Japan is the world’s third largest electricity market after China and the U.S., consuming about 1,000 TWh each year of electricity, the equivalent of 25% of Europe’s total.
Japan has a hybrid power market (partially deregulated); the retail market was fully liberalized in 2016, establishing imbalance settlement based on market price. TOCOM launched power futures in 2019, and EEX launched in 2020 and now has 95% of the market share.
Today, Japan has over 700 Power Producer Suppliers (PPS / energy retail companies), about 300 companies trading on the spot market, and 110 companies trading on EEX. Yet, the Japanese power market is still in its infancy, in particular from a talent perspective.
Last month, Titan headed to E-World Energy & Water in Germany, gaining a chance to contrast the European and Japanese markets from a talent lens.