JEPX Pulse
Japan Power Market Intelligence
FIT · FIP · Corporate PPA · merchant · standalone & co-located BESS · based on actual area prices & TSO output profile

Revenue Calculator

Project inputs

Revenue is annualised from the selected historical window

Shape follows the area's actual TSO output profile; level is scaled to this CF
Reference (editable defaults)
Business ≥250kW (FIP, auction)FIT — · FIP 8.9
Business 50-250kW (FIP/FIT)FIT 9.2 · FIP 9.2
Business 10-50kW (FIT)FIT 10 · FIP 10
Rooftop ≥10kW (FIT/FIP)FIT 11.5 · FIP 11.5
Editable defaults based on METI FY2025/FY2026 procurement price committee figures (yen/kWh). Verify against the latest 調達価格等算定委員会 decision.

Price curve

Run the calculator against history (default) or your own forward curve

CSV formats: date,slot,price (half-hourly, replaces history where present) or month,price (monthly average targets ¥/kWh, history reshaped to match)
Annual generation
12.7GWh
Kyushu (九州) · 367d window
Capture price
8.52¥/kWh
75% of baseload 11.30
Avg FIP premium
0.00¥/kWh
基準価格 8.9 − monthly 参照価格
Curtailment loss
¥219万/yr
2.03% of output (area ratio)

Annual revenue by scheme

Shape source: kyushu actual solar output profile (2026-06-01 to 2026-09-19)

Merchant (spot)
¥1.08億
8,519 ¥/MWh · ¥1082万/MW
FIT fixed
¥1.17億
9,200 ¥/MWh · ¥1169万/MW
FIP (spot + premium)
¥1.08億
8,519 ¥/MWh · ¥1082万/MW
Corporate PPA strike
¥1.52億
12,000 ¥/MWh · ¥1524万/MW
Virtual PPA (CfD) settlement at strike 12: ¥4421万/yr paid by offtaker to generator
  • Corporate PPA strike
  • FIP (spot + premium)
  • FIT fixed
  • Merchant (spot)
2025-092025-102025-112025-122026-012026-022026-032026-042026-052026-062026-072026-082026-090M4M8M12M16M

Generation profile vs area price

Average 48-slot output (MW) and area price over the window — the cannibalisation gap

  • Area price ¥
  • Output MW
00:0003:0006:0009:0012:0015:0018:0021:000246805101520

Monthly breakdown

MonthDaysMWhMkt avg ¥Capture ¥FIP prem ¥MerchantFITFIPPPACfD settle
2025-09134529.168.370.00¥378万¥416万¥378万¥543万¥129万
2025-10311,07910.749.520.00¥1027万¥992万¥1027万¥1295万¥136万
2025-11301,0449.186.520.00¥680万¥960万¥680万¥1253万¥295万
2025-12311,0799.968.740.00¥943万¥992万¥943万¥1295万¥220万
2026-01311,07910.338.700.00¥938万¥992万¥938万¥1295万¥180万
2026-02289749.617.080.00¥690万¥896万¥690万¥1169万¥232万
2026-03311,07910.365.360.00¥578万¥992万¥578万¥1295万¥177万
2026-04301,04410.616.320.00¥660万¥960万¥660万¥1253万¥145万
2026-05311,0799.483.100.00¥334万¥992万¥334万¥1295万¥272万
2026-06301,04410.027.940.00¥829万¥960万¥829万¥1253万¥206万
2026-07311,07915.3712.570.00¥1356万¥992万¥1356万¥1295万¥-364万
2026-08311,07916.7714.200.00¥1531万¥992万¥1531万¥1295万¥-515万
2026-091966115.3614.130.00¥934万¥608万¥934万¥793万¥-222万

Project finance · 20-year solar model

Year-1 revenue ¥1.08億 from the merchant case above · pre-tax, unlevered · all inputs editable

Revenue basis
CAPEX ¥/kW
OPEX ¥/kW-yr
Degradation %/yr
Price escalation %/yr
Discount rate %
Lifetime (years)
Gearing % (debt share)
Interest rate %
Debt tenor (years)

Scenarios

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Sources: JEPX spot & intraday CSV · TSO area supply-demand actuals (エリア需給実績, OCCTO format) for 9 areas · Prices in ¥/kWh · Analytics for information only, not investment advice.