The IEA said shipping disruption in the Strait of Hormuz halted Middle East LNG flows, pushing Japan's average wholesale spot power price in Q2 to about $90 per MWh, roughly 30% above the same period last year, Kyodo reported. The IEA warned that heat-driven demand growth and a prolonged blockade could keep prices elevated and projects Japan's average wholesale power price in H2 2026 at $105 per MWh, about 40% higher YoY.

2026-08-02

The IEA said shipping disruption in the Strait of Hormuz halted Middle East LNG flows, pushing Japan's average wholesale spot power price in Q2 to about $90 per MWh, roughly 30% above the same period last year, Kyodo reported. The IEA warned that heat-driven demand growth and a prolonged blockade could keep prices elevated and projects Japan's average wholesale power price in H2 2026 at $105 per MWh, about 40% higher YoY.