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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)

Abstract: 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
Date: 2017-04
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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