JEPX Pulse
Japan Power Market Intelligence
Risk analytics · 30 days · 1,536 slots

Volatility & Spreads

Area statistics

Slot-level distribution, intraday shape and congestion (price split vs system)

AreaMeanStdCV %P10P90MaxDaily σIntraday σPeak/OffFloor hSpike hSplit %
System (システム)20.366.883411.7030.0050.013.965.481.300.09.50
Hokkaido (北海道)14.916.70458.8522.2247.503.425.671.0216.019.098
Tohoku (東北)17.446.88409.5026.0347.503.415.870.980.03.598
Tokyo (東京)22.506.072714.6130.6150.013.534.781.280.03.097
Chubu (中部)23.427.583214.4532.4555.234.245.971.350.011.097
Hokuriku (北陸)20.578.304010.6031.7055.234.996.231.480.016.096
Kansai (関西)19.928.154110.6031.1655.234.786.151.490.017.096
Chugoku (中国)18.158.354610.1430.5455.234.376.611.311.021.596
Shikoku (四国)16.629.43577.8530.2355.235.737.041.2616.544.597
Kyushu (九州)16.888.65519.8630.0255.233.737.191.411.037.596

Rolling 7-day intraday volatility

Mean within-day standard deviation of slot prices (¥/kWh)

  • Hokkaido (北海道)
  • Kansai (関西)
  • Kyushu (九州)
  • System (システム)
  • Tokyo (東京)
08-1908-2208-2508-2808-3109-0309-0609-0909-1209-1509-19036912

Price distribution

Share of slots per price band (%)

  • Hokkaido (北海道)
  • Kyushu (九州)
  • Tokyo (東京)
floor0-55-1010-1515-2020-3030-5050+015304560

Daily spread vs Tokyo (東京)

Area daily average minus Tokyo daily average · negative = cheaper than Tokyo

  • Chubu (中部)
  • Chugoku (中国)
  • Hokkaido (北海道)
  • Hokuriku (北陸)
  • Kansai (関西)
  • Kyushu (九州)
  • Shikoku (四国)
  • Tohoku (東北)
08-1908-2208-2508-2808-3109-0309-0609-0909-1209-1509-19-15-10-505

Inter-area spread matrix

Mean spread row − column (¥/kWh) — positive = row area more expensive

row − colHKD
北海道
THK
東北
TKO
東京
CBU
中部
HRK
北陸
KNS
関西
CGK
中国
SKK
四国
KYS
九州
Hokkaido 北海道·-2.53-7.59-8.51-5.66-5.01-3.24-1.71-1.97
Tohoku 東北+2.53·-5.06-5.99-3.14-2.49-0.72+0.81+0.56
Tokyo 東京+7.59+5.06·-0.92+1.93+2.58+4.35+5.88+5.62
Chubu 中部+8.51+5.99+0.92·+2.85+3.50+5.27+6.80+6.55
Hokuriku 北陸+5.66+3.14-1.93-2.85·+0.65+2.42+3.95+3.70
Kansai 関西+5.01+2.49-2.58-3.50-0.65·+1.77+3.30+3.05
Chugoku 中国+3.24+0.72-4.35-5.27-2.42-1.77·+1.53+1.28
Shikoku 四国+1.71-0.81-5.88-6.80-3.95-3.30-1.53·-0.25
Kyushu 九州+1.97-0.56-5.62-6.55-3.70-3.05-1.28+0.25·
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.