Japan: Wholesale electricity market report
Baringa’s wholesale electricity market reports are used by investors, lenders and project developers to guide their investments, helping them to deploy capital effectively and to manage risk.
The Japanese Reference Case Report covers our half-yearly updated projections for wholesale power prices, and capture prices for solar and wind generation up to 2060.
We model the Japanese power system as a 9 grid-zone system (except Okinawa), using gen-set level representations, regional demand profiles and inter-regional grid capacities. Our analysis incorporates updates from OCCTO’s inter-regional grid build-out plans, coal retirement, nuclear capacity restart, as well as solar and wind addition assumptions. These assumptions are benchmarked against technological cost assumptions for analysis capacity entry in the forecast horizon. Other topics include long-term decarbonization auctions that are being introduced from January 2024 and offshore wind auctions.
The various market developments and cost assumptions are translated into a fundamentals-based model, using industry-standard PLEXOS software to arrive at a robust analysis of the value of power in the Japanese power system.
How can we help you?
Subscription services
Insight on demand - Get the latest projections as they’re released by signing up to our subscription service or purchase individual reports for a deep-dive into specific power markets.
Bespoke reports
Bespoke reports - We can model new markets on request to support clients as their needs evolve.
Advisory services
Using our market reports and deep market knowledge as a basis to provide market leading commercial advice on the economic performance of new projects and companies in the power sector.
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