| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2011: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2010: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2009: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2008: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Research Abstract |
In this study, models for analysis of electricity markets aredeveloped. Under the assumptions that quantity of electricity demand is uncertain andpower generators use information on the distribution to choose supply functionsstrategically, equilibrium price formulae are derived and examined. Based on the oneof equilibrium price models, a framework for measuring and investigating marketpower in electricity markets is constructed. When you use the framework for assessingthe market performance, you need only two time series data sets, spot prices andtrading volumes. Indeed, it is applied to analyze PJM market and California PowerExchange market (from 1998 to 2000).
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