Keep pulling the thread on Marika O'Neill.
Day-ahead power prices in Tokyo reached ¥64 per kilowatt-hour, equivalent to approximately $400 per megawatt-hour, on April 28th.
The Kashiwazaki-Kariwa Unit 6 (KK6) is the first reactor operated by Tokyo Electric Power Company (TEPCO) to restart since the 2011 Fukushima disaster.
The Kashiwazaki-Kariwa Unit 6 (KK6) reactor is expected to displace approximately 61,000 metric tons of LNG demand per month in the Tokyo region.
BloombergNEF expects approximately 9 more nuclear reactors to restart in Japan by 2035.
BloombergNEF forecasts Japan's restarted nuclear capacity will increase from 13 GW today to 18 GW by 2030 and 26 GW by 2040.
Japan has recently changed its laws to allow for the potential extension of the operating lifetimes of its existing nuclear reactors.
Kansai Electric is conducting geological surveys for a potential new nuclear reactor at its Mihama Power Station site.
Kansai Electric's survey for a new reactor at the Mihama Power Station site is the first and only public mention of new nuclear capacity in Japan since 2011.
Following the Fukushima disaster 15 years ago, Japan shut down all of its nuclear power generation.
The shutdown of Japan's nuclear power plants made the country heavily reliant on imported fossil fuels for electricity.
Before the 2011 Fukushima disaster, Japan had over 50 operational nuclear reactors which generated 26% of its electricity.
The 2011 Fukushima disaster prompted other countries, such as Germany, to pursue nuclear phase-out policies.