High-frequency and microdata analysis of power markets considering unbundling and renewable energy

2014 Fiscal Year Final Research Report

• Project/Area Number: 25590055
• Research Category: Grant-in-Aid for Challenging Exploratory Research
• Allocation Type: Multi-year Fund
• Research Field: Economic policy
• Research Institution: National Graduate Institute for Policy Studies
• Principal Investigator: OKAMOTO Ryosuke 政策研究大学院大学, 政策研究科, 准教授 (60323945)
• Co-Investigator(Kenkyū-buntansha): TANAKA Makoto 政策研究大学院大学, 政策研究科, 教授 (10377137) ; HOSOE Nobuhiro 政策研究大学院大学, 政策研究科, 准教授 (60313483) ; IKEDA Shinsuke 政策研究大学院大学, 政策研究科, 助教授 (90598567)
• Project Period (FY): 2013-04-01 – 2015-03-31
• Keywords: 電力市場

Outline of Final Research Achievements

To investigate the power market after the Great East Japan Earthquake in 2011, we modeled its power markets empirically. The project encompasses three main studies. (1) We developed a spatial equilibrium model to simulate the nuclear power shutdown and installation of substitute plants. (2) We conducted a microdata analysis to examine consumers' willingness-to-pay for renewable and nuclear energy in Japan and the US. (3) We used time-series data of the wholesale power market (JPEX) to examine its liquidity.

Free Research Field

地域経済学