Platts proposes to launch new Tokyo baseload spark spread assessments on June 1

Platts, part of S&P Global Commodity Insights, is proposing to publish baseload spark spread assessments for Tokyo, Japan, effective June 1, 2023.

The spark spread assessments would be calculated as the differences of Platts JKM LNG derivatives assessments for the following forward periods over the Japanese power futures (Tokyo, Baseload) settlement prices for the same periods published by the European Energy Exchange (EEX).

The assessment periods would be for the JKM pricing month, next three months forward, the next two active quarters, and the next active season.

These new spark spread calculations would aim to provide the market with greater insights into margins for gas-fired power plants in Japan.

The new spark spreads would be published in $/MMBtu and Yen/kWh.

The new calculations would be published in LNG Daily, Platts Dimensions Pro, as well on the LNG and PGN service lines on a daily basis.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by April 27, 2023.

For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing.