The aim of its establishment is to carry on research activities specialized in the area of energy from the viewpoint of the national economy as a whole in a bid to contribute to sound development of the Japanese energy-supplying and energy-consuming industries and to the improvement of people's life in the country by objectively analyzing energy problems and providing basic data, information and reports necessary for the formulation of policies. The Institute of Energy Economics, Japan was established in June 1966 and certified as an incorporated foundation by the Ministry of International Trade and Industry in September that year. Join IAEE, log in, or purchase the article to view reference data.

References: Reference information is available for this article. Keywords: Electricity market, Merit order, Cointegration, Varying coefficient, Nuclear moratorium, Event study JEL Codes: Q41: Energy: Demand and Supply Prices, Q40: Energy: General, Q35: Hydrocarbon Resources

Futures prices of electricity, natural gas and emission allowances are used to show that the market efficiently accounts for the suspended capacity and correctly expects that several nuclear plants will not be switched on after the moratorium.ĭownload Executive Summary Purchase ( $25 )Įnergy Specializations: Nuclear Power – Markets and Prices Nuclear Power – Policy and Regulation Electricity – Markets and Prices Electricity – Generation Technologies Energy Modeling – Energy Data, Modeling, and Policy Analysis This model is used to analyze the market impact of the nuclear moratorium by the German Government in March 2011. The semiparametric model indicates a technology switch from coal to gas at roughly 85% of maximum demand. Different electricity generation technologies have distinct fuel price dependencies, which allows estimating the structure of the power plant portfolio by exploiting market prices. It analyzes the relationship between daily prices of electricity, natural gas and carbon emission allowances with a semiparametric varying smooth coefficient cointegration model.

This paper shows how the effect of fuel prices varies with the level of electricity demand.

Merge a 2011 and.2016 outlook identity