Impact on Power Producers from Surging JEPX Prices
First written in FY2021-Q1. 4 of 14 entries say "Restated". Latest entry: 2026-08-07.
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- FY2026ReframedAnnual report
「Following sharp fluctuations in resource prices caused by the Ukraine crisis, prices showed some signs of stabilization. However, geopolitical risks and foreign-exchange movements continue to affect the situation, including the increasing tensions in the Middle East, leaving prices susceptible to volatility. The company therefore continued to monitor the risk of price fluctuations.」
In addition to the existing risk of surging JEPX and resource prices, the company explicitly identified energy price volatility arising from the situation in the Middle East and foreign-exchange movements as a risk factor. - FY2023-Q3RestatedAnnual report
「Although electricity companies' financial condition had deteriorated as a result of higher resource prices, some electricity companies had shown a more positive stance toward acquiring users as electricity rates rose and wholesale electricity market prices stabilized.」
Regarding wholesale electricity market prices, the company continues to explain that although the impact of surging resource prices remains, prices have stabilized and some electricity companies' stance toward customer acquisition has improved. - FY2023-Q1MitigatedAnnual report
「Although electricity companies' financial condition has deteriorated as a result of higher resource prices, some electricity companies have shown a more positive stance toward acquiring users as electricity rates have risen and wholesale electricity market prices have stabilized.」
Regarding wholesale electricity market prices, the company explained that although the impact of surging resource prices remains, prices have stabilized and some electricity companies have shown a more positive stance toward customer acquisition. - FY2022RestatedAnnual report
「Within the environment surrounding the energy industry in which the Group operates, wholesale electricity market prices have remained high since the deterioration of the Russia-Ukraine situation. The resulting effects, including deterioration in electricity companies’ financial condition and higher electricity costs for users as some of the increase has been passed on through higher retail electricity prices, have become evident.」
The company continues to disclose the sustained high level of wholesale electricity market prices, deterioration in electricity companies' financial condition and increased user burden. - FY2022-Q3RestatedAnnual report
「Within the environment surrounding the energy industry in which the Group operates, wholesale electricity market prices have remained high since the deterioration of the Russia-Ukraine situation. The resulting effects, including deterioration in electricity companies’ financial condition and higher electricity costs for users as some of the increase has been passed on through higher retail electricity prices, have become evident.」
The surge in resource prices and wholesale electricity market prices against the backdrop of the Russia-Ukraine situation, and its impact on electricity companies' procurement environment and financial condition, have continued. - FY2022-Q2WorsenedAnnual report
「The energy industry surrounding the group's business has been affected by the surge in global resource prices resulting from the Russia-Ukraine situation and rising electricity demand due to extremely hot weather. As a result, including the issuance of electricity supply-demand tightness alerts from 27 June 2022, wholesale electricity market prices (JEPX prices) have surged and electricity procurement prices have risen. This has led to an evident deterioration in the financial condition of electricity companies and higher electricity costs for users as some of the increase has been passed through to retail electricity prices.」
In addition to surging resource prices, extremely hot weather and electricity supply-demand tightness alerts have contributed to the continued and intensifying surge in JEPX prices and electricity companies' procurement prices. - FY2022-Q1MaterialisedAnnual report
「In addition, electricity procurement prices for electricity companies have risen due to the surge in global resource prices resulting from Russia's invasion of Ukraine on 24 February 2022, as well as the surge in wholesale electricity market prices (JEPX prices) caused by the temporary shutdown of thermal power plants following the earthquake off Fukushima on 16 March 2022 and severe cold weather.」
The surge in JEPX prices has continued and intensified due to multiple factors, including resource prices, the invasion of Ukraine and the earthquake off Fukushima, and has materialized as higher procurement prices for electricity companies. - FY2021MaterialisedAnnual report
「As electricity trading prices on the Japan Electric Power Exchange (JEPX prices) rose, some electricity companies began to withdraw from the business, temporarily suspend customer acquisition and reduce promotional expenses, resulting in some impact.」
The company disclosed that the surge in JEPX prices had actually led to business partners withdrawing from the electricity business, suspending customer acquisition and cutting promotional expenses, potentially resulting in lower one-time compensation. - FY2021-Q3RestatedAnnual report
「Accordingly, if the financial condition of the electricity and gas companies that are business partners deteriorates due to factors such as an unexpected surge in resource prices or electricity trading prices on the Japan Electric Power Exchange (JEPX), natural disasters or other unforeseen events, or if the importance of channels other than those of the group increases because of changes in the electricity and gas companies' strategies for customer acquisition channels, this could lead to a review or termination of existing contract terms or the suspension of new orders.」
The company continues to disclose as a risk factors that could lead to deterioration in the financial condition of its electricity and gas company business partners, including an unexpected surge in JEPX prices. - FY2021-Q1First statedAnnual report
「In addition, from late December 2020, electricity trading prices on the Japan Electric Power Exchange (JEPX prices) surged, prompting nationwide measures by the Organization for Cross-regional Coordination of Transmission Operators and the Ministry of Economy, Trade and Industry, among others, to balance electricity supply and demand across Japan. Although the surge in JEPX prices could affect the operations of the electricity providers that are the company's business partners, the company does not engage in electricity retailing and operates solely as a platform. Accordingly, as of the present time, the situation does not have a material impact on the group's business development or operating results.」
The company disclosed that the surge in JEPX prices had occurred and could affect the operations of its electricity-provider business partners. However, it explained that, as the company does not engage in electricity retailing and operates a platform business, there was no material impact on its own operating results as of the present time.