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Japan’s reactor restarts stall as scandals cut projections

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Story summary
  • Reactor restarts in Japan are stalling because of scandals and regulator rejections.
  • BloombergNEF projects only nine reactors (9.6 GW) will restart by 2040, down from eleven.
  • Chubu Electric Power withdrew applications to restart two Hamaoka units after alleged seismic data fabrication.
  • Hokkaido Electric delayed Tomari No. 3’s restart to 2028 after a fatal seawall accident and regulator rejection.
  • Spot electricity prices rose to their highest since 2022 as Hormuz LNG supply tightened.