Platts to launch Tokyo thermal coal baseload dark spread calculations

Platts, part of S&P Global Commodity Insights, will publish a daily thermal coal baseload dark spread calculations for Tokyo effective Jan. 2, 2024.

The dark spread will be calculated as the difference of the Platts Northeast Asian Thermal coal, or NEAT, spot price assessment (JKTCA00) versus the month ahead Japanese power futures (Tokyo, Baseload) settlement price on that day published by the European Energy Exchange (EEX).

The dark spread calculations will provide the market with greater insights into margins for coal-fired power plants in Japan and gas-to-coal switching.

The dark spread will be published in $/MMBtu, Yen/kWh and $/MWh, and will take into account an average 35% power plant efficiency.

The calculations will be published on a daily basis in Coal Trader International and the fixed page GC0410.

Please send all comments, feedback, and questions to coal@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.