Imbalance price
Imbalance price
We update hourly comparisons between imbalance prices and spot prices. In addition, we compile and display statistics on the time periods and annual frequency of output curtailments.
Data sources:
Imbalance Price Disclosure Website: https://www.imbalanceprices-cs.jp/
Japan Electric Power Exchange (JEPX): http://www.jepx.org
We have conducted the following studies on imbalance prices in the Japanese electricity market.
Our findings suggest that allowing arbitrage can contribute to improving market efficiency and stability.
Optimal Arbitrage with Limit Orders in Day-Ahead Electricity Markets
Takuji Matsumoto, Derek Bunn
Proceedings of 18th IAEE European Conference, 2023.
Mitigation of the Inefficiency in Imbalance Settlement Designs using Day-Ahead Prices
Takuji Matsumoto, Derek W Bunn, Yuji Yamada
IEEE Transactions on Power Systems 37(5), 3333-3345, 2022.