Enehub Indices and Other Data

With Japan’s power system shifting toward a market-based model, staying on top of power prices and other key metrics is crucial, as these will increasingly shape project profitability.

Scroll down to explore Enehub Indices, our regularly updated benchmarks offering a snapshot of the market, along with other datasets available on our platform.

Wholesale market

Baseload prices

Averages calculated over the delivery periods used by EEX and TOCOM futures, mirroring the prices underlying those contracts.

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*Peakload prices

Peak-time averages calculated over the delivery periods used by EEX and TOCOM futures, mirroring the prices underlying those contracts.

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Capture prices

Generation-weighted averages of day-ahead prices, using national and area-specific solar and wind output profiles as weights.

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Load-weighted average prices

Demand-weighted averages of day-ahead prices, derived from national and area-specific demand profiles used as weights.

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Area price spreads

Average differences in day-ahead prices between regions, reflecting the extent and persistence of area-to-area price divergence.

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Capture rates

Shares of baseload (simple average) day-ahead prices captured by solar and wind assets, based on national and area-specific output profiles.

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Floor price risk

Share of 30-minute periods (baseload) or of demand, solar, or wind generation when day-ahead power clears at the ¥0.01/kWh floor.

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Intraday-to-Day-Ahead Ratio

Ratio of volume traded in the intraday market to the volume traded in the day ahead market. (Can also do vs. supply/futures volume.)

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Bid-to-Ask Ratios

Ratio of buy bids to sell bids showing the risk of not being able to sell or buy power in the day ahead market.

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Valueless generation risk

Share of total potential generation of a specific technology curtailed or generated when day-ahead power clears at the ¥0.01/kWh floor.

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*Area price coupling rates

Shares of day-ahead delivery time slots where prices align between regions, indicating how often each area pair is coupled.

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Balancing market

Other market-related

Average imbalance prices

Average imbalance prices by TSO area.

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FIT/FIP

Zero-premium FIP levels

Highest strike prices by generation type at which projects receive no FIP premium, except for the balancing subsidy, for a given month.

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*FIP premiums

Adjusted FIP premium by strike price, generation type, and balancing cost assumption, that a FIP project would be paid for its non-floor-price-time-slot generation.

*FIP/FIT revenue ratios

Shares of FIT revenues captured by same projects under FIP with the same strike price selling power in the day-ahead market and NFCs via auctions, without batteries.

*FIP revenues

Total revenue that a FIP project with a specific strike price would make if selling power in the day-ahead market and NFCs via auctions.

BESS

Battery spreads

Average spreads between high- and low-priced day-ahead periods, highlighting the margins available for battery storage arbitrage.

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Battery cycles

Monthly average daily full-cycle equivalents for selected grid-scale battery storage assets, showing how intensively each system is operated.

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*Battery duration ratios

Ratios comparing battery spreads across different storage durations, showing arbitrage revenue sensitivity to discharge length.

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Power supply and demand

Power demand by area

National, mainland, and each TSO area’s total power demand.

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Power supply by technology

National, mainland, and each TSO area’s total supply by power source type.

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Technology shares of demand

Share of overall demand supplied by a specific generation technology.

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Curtailment rates

Share of total potential generation of a specific technology curtailed.

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