2026-03-09T23:58:56Z https://grips.repo.nii.ac.jp/oai

oai:grips.repo.nii.ac.jp:00000951 2023-11-20T09:00:48Z 1:46

A Spatial Equilibrium Analysis of Regulatory Reform in Japan's Electric Power Industry AKIYAMA, Shu-ichi HOSOE, Nobuhiro electricity industry regulatory reform a spatial partial equilibrium model https://www.grips.ac.jp/list/jp/facultyinfo/hosoe_nobuhiro/ This paper examines the impact of the deregulation of the electricity industry, in which the entry of independent power producers (IPPs) into the power generation sector is expected. We employ a nine-region electricity spatial and temporal price and allocation (e-STPA) model, à la Takayama and Judge (1971). Our main findings are: (1) currently, IPP entry is so small-scale as to bring about only marginal welfare gains while reallocating the industry's surplus from producers to consumers; and (2) expected future IPP entry could deliver significant welfare gains in all regions with substantial inter-regional transmission. JEL Classification Codes: L94, L51, R12, C61 technical report GRIPS Policy Research Center AM application/pdf https://grips.repo.nii.ac.jp/record/951/files/I-2003-0001.pdf https://doi.org/10.24545/00000951 https://grips.repo.nii.ac.jp/records/951 eng