A Study of Market Power and Price Volatility Risk in Japan Electric Power Exchange
| Project/Area Number |
17530197
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | Otemon Gakuin University |
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Principal Investigator |
MATSUDA Toshihiro Otemon Gakuin University, 経済学部, 准教授 (50388401)
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| Project Period (FY) |
2005 – 2008
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| Project Status |
Completed (Fiscal Year 2008)
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| Budget Amount *help |
¥2,700,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2007: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2006: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 2005: ¥900,000 (Direct Cost: ¥900,000)
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| Keywords | 電力取引所 / JEPX / 流動性 / 価格変動リスク / 市場支配力 / 電力スポット市場 / 価格変動 / Jump-Diffusion Process / SFE |
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| Research Abstract |
The purpose of this study is to evaluate price volatility risk and potential market power of generators in Japan Electric Power Exchange by using published data. We showed the volatility and the risk of price spike, which is one of the characteristics of electricity market, are smaller than those of European power exchanges in 2007. We could not conclude that there was an exercise of market power, since there is a general difficulty to analyze it for a power exchange where participation is voluntary.
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Report
(6 results)
Research Products
(4 results)
