The European Energy Exchange (EEX) will launch fiscal year-based annual Japan power futures on October 14, 2025, it announced on August 7, 2025.
“With the new fiscal year futures, we aim to address the need of this community to be able to hedge their risks also in line with the local financial year,” said Chief Commercial Officer of EEX, Steffen Koehler. The contracts’ delivery period will be aligned with the Japanese fiscal year, which runs from April 1 to March 31 of the following year.
The new products will cover Tokyo and Kansai base- and peak-load power and, like existing calendar year-based annual futures, will be tradable for the next six full fiscal years.
Shorter-duration products offered on EEX include weekly, monthly, quarterly, and seasonal futures for the two areas, alongside daily and weekend futures for Tokyo. The exchange has also been considering adding daily Kansai futures and expanding regional coverage to also include Chubu, mirroring a move announced earlier by the Tokyo Commodity Exchange (TOCOM).
EEX began offering Japan power futures in May 2020. Transaction volumes quickly overtook those on TOCOM, which listed similar contracts in 2019. Over 10TWh were traded on EEX in July 2025 compared with over 600GWh on TOCOM.
