The Effect of Renewable Energy Generation on the Electric Power Spot Price of the Japan Electric Power Exchange

Jun Maekawa, Bui Hien Hai, Sarana Shinkuma and Koji Shimada
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Jun Maekawa: Ritsumeikan Global Innovation Research Organization (R-GIRO), Ritsumeikan University, Kusatsu, Shiga 525-8577, Japan
Bui Hien Hai: Graduate school of Economics, Ritsumeikan University, Kusatsu, Shiga 525-8577, Japan
Sarana Shinkuma: Faculty of Economics, Ritsumeikan University, Kusatsu, Shiga 525-8577, Japan

Energies, 2018, vol. 11, issue 9, 1-16

Abstract: This study aims to explore the relationship between renewable energies and the electric power spot price of the Japan Electric Power Exchange (JEPX). By using panel data analysis and proxy modeling, this work attempts to estimate how renewable energies (displayed through the proxies) and other factors influence the electric power spot price in Japan. Based on an analysis of the estimations, some policy implications have been proposed, such as to incorporate weather information into the price forecast, or to provide a guide to more effectively transact on the JEPX.

Keywords: electricity market; renewable energy; market design; Japan Electric Power Exchange (JEPX) (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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