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; Koji Shimada

doi:10.3390/en11092215

Energies (Aug 2018)

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,
Koji Shimada

Affiliations

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
Koji Shimada: Faculty of Economics, Ritsumeikan University, Kusatsu, Shiga 525-8577, Japan

DOI: https://doi.org/10.3390/en11092215
Journal volume & issue: Vol. 11, no. 9
p. 2215

Abstract

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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.

Published in Energies

ISSN: 1996-1073 (Online)
Publisher: MDPI AG
Country of publisher: Switzerland
LCC subjects: Technology
Website: http://www.mdpi.com/journal/energies

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