Market Analysis
Post-PPA Era Japan Electricity Market Structural Reorganization: Market Equilibrium Reconstruction, Procurement Strategy Transformation, and TOCOM Chubu Futures Liquidity Growth
On April 1, 2026, the long-term PPA between JERA and Chubu Electric Miraiz officially terminated, causing Chubu area APD to surge to +10 ¥/kWh while TOCOM Chubu Futures simultaneously launched. This article systematically analyzes post-PPA era market structural evolution across three dimensions — market equilibrium reconstruction, procurement strategy transformation, and futures liquidity — and provides a practical countermeasure framework for electricity retailers.
Apr 25, 202618min
