Assessing the Impact of Renewable Energy Sources: Simulation analysis of the Japanese electricity market
Keisuke Yoshihara and
Hiroshi Ohashi ()
Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)
This paper evaluates the impact of renewable energy (RE) sources on market outcomes in Japan. We develop a simulation model to compute the kWh-market equilibrium, and conduct simulation exercises for 2015 and 2030. Using scenarios proposed by the government, we find that the diffusion of RE sources would lower the kWh-market prices and greenhouse gases by reducing fossil fuel consumption in 2030. It would also mothball many of the thermal power plants, which were active and profitable in 2015.
Pages: 27 pages
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:17063
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