2012 Fiscal Year Final Research Report
An empirical analysis on vertically-linked multiple power markets in oligopoly
| Project/Area Number |
23653064
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Applied economics
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| Research Institution | National Graduate Institute for Policy Studies |
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Principal Investigator |
OKAMOTO Ryosuke 政策研究大学院大学, 政策研究科, 准教授 (60323945)
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| Co-Investigator(Kenkyū-buntansha) |
HOSOE Nobuhiro 政策研究大学院大学, 政策研究科, 准教授 (60313483)
TANAKA Makoto 政策研究大学院大学, 政策研究科, 准教授 (10377137)
IKEDA Shinsuke 政策研究大学院大学, 政策研究科, 助教授 (90598567)
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| Project Period (FY) |
2011 – 2012
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| Keywords | 電力自由化 / 卸市場分析 / 小売市場分析 |
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| Research Abstract |
In this study, we examined the retail market with auction data and found that deregulation would increase the number of bids by entrants to lower the power charges by 0.48yen/kWh on average. The analysis on the wholesale market with the JEPX day-ahead spot market data revealed that the estimated spreads were on average at least 50 times as large as the one in the well-functioning S&P500 index futures market. Finally, we discussed the solvency issue of Tokyo Electric Power Company and unbundling of the Japan’s power market in the context of the Fukushima Daiichi Nuclear Disaster.
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Research Products
(19 results)
