Faculty Profiles - MATSUMOTO TAKUJI

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MATSUMOTO TAKUJI

Organization

School of Environment and Society Associate Professor

Homepage

https://www.matsumoto-lab.isc.ens.isct.ac.jp/en

Profile

A Special Issue in Sustainability on "Sustainable Energy Systems & Markets" is open for submissions (forecasting, risk management, market design, DER integration, optimization, investment).
Call: https://www.mdpi.com/journal/sustainability/special_issues/O73412RYC0

External link

Degree

Ph.D. in Business Administration ( 2020.8 University of Tsukuba )
S.M. in Technology and Policy ( 2012.6 Massachusetts Institute of Technology )
B.Eng. ( 2005.3 The University of Tokyo )

Research Interests

Financial Engineering
Energy Finance
Weather Derivatives
Risk Management
Time Series Analysis
Energy Economics
Electricity Markets
Forecasting

Research Areas

Social Infrastructure (Civil Engineering, Architecture, Disaster Prevention) / Social systems engineering / Operations Research, Data Science, Risk Management
Humanities & Social Sciences / Business administration / Finance, Energy Finance, Financial Engineering

Education

University of Tsukuba Graduate School of Business Sciences

2017.4 - 2020.8

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Country： Japan

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Massachusetts Institute of Technology Technology and Policy Program

2010.9 - 2012.6

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Country： United States

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The University of Tokyo School of Engineering

2001.4 - 2005.3

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Research History

Institute of Science Tokyo School of Environment and Society - Technology and Innovation Management / Department of Innovation Science Associate Professor

2025.4

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Kanazawa University Graduate School of Human and Socio-Environmental Studies Division of Economics Associate Professor

2024.4 - 2025.3

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Country：Japan

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Kanazawa University Faculty of Transdisciplinary Sciences for Innovation Associate Professor

2022.4 - 2025.3

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Country：Japan

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Central Research Institute of Electric Power Industry Socio-Economic Research Center Research Scientist

2020.4 - 2022.3

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Country：Japan

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London Business School Visiting PhD Student (JSPS Overseas Challenge Program for Young Researchers)

2019.10 - 2020.2

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Country：United Kingdom

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Mitsubishi Research Institute Senior Researcher

2015.4 - 2019.9

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Cabinet Secretariat, Japan

2013.12 - 2015.3

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Board of Audit, Japan

2005.4 - 2013.11

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Professional Memberships

Japan Association of Real Options and Strategy

2025.9

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The International Association for Energy Economics (IAEE)

2023.5

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International Institute of Forecasters (IIF)

2021.4

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IEEE

2020.2

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INFORMS

2019.9

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The Japanese Association of Financial Econometrics and Engineering (JAFEE)

2017.12

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The Operations Research Society of Japan

2017.10

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Committee Memberships

MDPI / Sustainability Guest Editor

2025.9

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Committee type：Academic society

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2026 16th International Conference on Power, Energy and Electrical Engineering (CPEEE 2026) Technical Program Committee

2025.6

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Committee type：Academic society

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Energy Informatics.Academy Conference 2025 (EI.A 2025) Program Committee

2025.1

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Committee type：Academic society

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2025 15th International Conference on Power, Energy and Electrical Engineering (CPEEE 2025) Technical Program Committee

2024.6 - 2025.2

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Committee type：Academic society

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2024 14th International Conference on Future Environment and Energy (ICFEE 2024) Technical Program Committee

2024.1 - 2024.3

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Committee type：Academic society

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2024 14th International Conference on Power, Energy and Electrical Engineering (CPEEE 2024) Technical Program Committee

2023.10 - 2024.2

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Committee type：Academic society

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Green and Low-Carbon Economy (Bon View Publishing) Reviewer Board

2023.1

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2023 13th International Conference on Power, Energy and Electrical Engineering (CPEEE 2023) Technical Program Committee

2022.5 - 2023.2

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Committee type：Academic society

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2023 13th International Conference on Renewable and Clean Energy (ICRCE 2023) Technical Program Committee

2022.5 - 2023.2

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Committee type：Academic society

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IEEE 2022 12th International Conference on Power, Energy and Electrical Engineering (CPEEE 2022) Technical Program Committee

2021.4 - 2022.2

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Committee type：Academic society

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2022 12th International Conference on Renewable and Clean Energy (ICRCE 2022) Technical Program Committee

2021.4 - 2022.2

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Committee type：Academic society

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IEEE 2021 11th International Conference on Power, Energy and Electrical Engineering Technical Program Committee

2020.12 - 2021.2

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Committee type：Academic society

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Papers

Advancing financial instruments and market trading framework for local solar power hedging with principal component derivatives Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Energy Economics 108821 2025.8

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Authorship：Lead author Language：English Publishing type：Research paper (scientific journal) Publisher：Elsevier BV

DOI： 10.1016/j.eneco.2025.108821

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Hedging Methods for Shape Risk in Renewable Energy Markets - Empirical Analysis of Hedging Effectiveness Using QF Indexes -

Takuji Matsumoto, Yuji Yamada

Proceedings of the 62th JAFEE winter conference 1 - 12 2025.2

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (conference, symposium, etc.)

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Risk Management Modeling for Electricity Market Trading in the New Era Invited

Takuji Matsumoto, Yuji Yamada

SYSTEMS, CONTROL AND INFORMATION 68 ( 12 ) 468 - 473 2024.12

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Part of collection (book) Publisher：The Institute of Systems, Control and Information Engineers

DOI： 10.11509/isciesci.68.12_468

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Electricity Price Forecasting with Principal Component-Guided Sparse Regression Reviewed International coauthorship International journal

Takuji Matsumoto, Florian Ziel

Proceedings of 20th International Conference on the European Energy Market (EEM 2024) 29 1 - 6 2024.6

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：IEEE

DOI： 10.1109/eem60825.2024.10609019

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Other Link： https://drive.google.com/file/u/0/d/1C5Zew0ZevRnDDUwtgpLpKBllUN1eH8bG/view
Efficient Risk Management for Distributed Clean Energy: Principal Component based Weather Derivatives Invited Reviewed International journal

Takuji Matsumoto, Yuji Yamada

E3S Web of Conferences 530 05005 2024.5

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：EDP Sciences

DOI： 10.1051/e3sconf/202453005005

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Principal Component Quanto Derivatives for Enhanced Solar Power Hedging

Takuji Matsumoto, Yuji Yamada

Proceedings of the 60th JAFEE winter conference 1 - 12 2024.2

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (conference, symposium, etc.)

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Multivariate Weather Derivatives for Wind Power Risk Management: Standardization Scheme and Trading Strategy Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Environmental Science and Engineering 269 - 280 2023.12

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：Springer

DOI： 10.1007/978-3-031-43559-1_26

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Optimal Arbitrage with Limit Orders in Day-Ahead Electricity Markets International coauthorship International journal

Takuji Matsumoto, Derek Bunn

Proceedings of 18th IAEE European Conference 2023.7

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：International Association for Energy Economics

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Construction of Mixed Derivatives Strategy for Wind Power Producers Reviewed International journal

Yuji Yamada, Takuji Matsumoto

Energies 16 ( 9 ) 3809 2023.4

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Authorship：Corresponding author Publishing type：Research paper (scientific journal) Publisher：MDPI AG

Due to the inherent uncertainty of wind conditions as well as the price unpredictability in the competitive electricity market, wind power producers are exposed to the risk of concurrent fluctuations in both price and volume. Therefore, it is imperative to develop strategies to effectively stabilize their revenues, or cash flows, when trading wind power output in the electricity market. In light of this context, we present a novel endeavor to construct multivariate derivatives for mitigating the risk of fluctuating cash flows that are associated with trading wind power generation in electricity markets. Our approach involves leveraging nonparametric techniques to identify optimal payoff structures or compute the positions of derivatives with fine granularity, utilizing multiple underlying indexes including spot electricity price, area-wide wind power production index, and local wind conditions. These derivatives, referred to as mixed derivatives, offer advantages in terms of hedge effectiveness and contracting efficiency. Notably, we develop a methodology to enhance the hedge effects by modeling multivariate functions of wind speed and wind direction, incorporating periodicity constraints on wind direction via tensor product spline functions. By conducting an empirical analysis using data from Japan, we elucidate the extent to which the hedge effectiveness is improved by constructing mixed derivatives from various perspectives. Furthermore, we compare the hedge performance between high-granular (hourly) and low-granular (daily) formulations, revealing the advantages of utilizing a high-granular hedging approach.

DOI： 10.3390/en16093809

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Improving the Efficiency of Hedge Trading Using Higher-Order Standardized Weather Derivatives for Wind Power Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Energies 16 ( 7 ) 3112 2023.3

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal)

DOI： 10.3390/en16073112

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Mitigation of the Inefficiency in Imbalance Settlement Designs Using Day-Ahead Prices Reviewed International coauthorship International journal

Takuji Matsumoto, Derek Bunn, Yuji Yamada

IEEE Transactions on Power Systems 37 ( 5 ) 1 - 1 2022.9

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal) Publisher：Institute of Electrical and Electronics Engineers ({IEEE})

The design of electricity imbalance pricing mechanisms is internationally controversial. Policies on whether to permit virtual trading for market participants and whether, or how, to impose penalty incentives on the imbalance volumes vary widely. Furthermore, market designs vary depending whether the imbalance prices are obtained directly from real-time trading or based upon the offer and demand functions from the day-ahead energy markets. This paper develops an analytical framework for evaluating designs for imbalance settlement mechanisms and we have selected the Japanese electricity market, which has undergone several revisions in its imbalance mechanism, as a good example to assess such variations. We develop a predictive approach for the imbalance volumes and price densities using two-step quantile regressions and derive a new trading optimization for a virtual traders arbitrage position. We construct supporting models to estimate prediction errors for renewable power and demand as drivers of imbalance volume. The empirical analysis reveals that even in a mechanism with imbalance penalties based upon day-ahead reference prices, virtual trading may still be beneficial to market participants as well as to the system operator. We also find that greater market transparency is crucial for increased benefits. The insights generalize beyond the Japan case study.

DOI： 10.1109/TPWRS.2021.3135334

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Electricity Spot Price Forecasting Using Principal Component-Guided Sparse Regression

Takuji Matsumoto

Abstracts of the 2022 Autumun National Conference of the ORSJ 1 - 2 2022.8

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (conference, symposium, etc.) Publisher：The Operations Research Society of Japan

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Other Link： https://kanazawa-u.repo.nii.ac.jp/record/2000671/files/MATSUMOTO-T-202209.pdf
Pricing electricity day-ahead cap futures with multifactor skew-t densities Reviewed International coauthorship International journal

Takuji Matsumoto, Derek Bunn, Yuji Yamada

Quantitative Finance 22 ( 5 ) 835 - 860 2022.5

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal) Publisher：Routledge

Short-term risk management is becoming increasingly significant in power trading as the intermittent renewable generators introduce more weather risk into the price formation dynamics. There is a vacuum in hedging instruments at the day-ahead stage to protect retailers in particular from such volatility and price spikes. Motivated by this requirement, this paper analyses a flexible hedging product, day-ahead cap futures. For pricing this product, we parametrically predict the probability distribution of day-ahead prices using the multifactor Generalized Additive Model for Location, Scale and Shape (GAMLSS) based upon the skew-t distribution with weather forecasts and calendar information as explanatory variables. In particular, we reveal that this higher-order moment model is superior to several lower-order models such as the normal distribution in all the following three aspects: fairness as pricing method, underwriting risk of the risk-taker and the variance reduction effect of the risk hedger.

DOI： 10.1080/14697688.2021.1984553

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Power Forward Curve Model with Mitigated Swell Based on Constrained Least Square Error Approach Reviewed International journal

Takuji Matsumoto, Misao Endo

2022 12th International Conference on Power, Energy and Electrical Engineering (CPEEE 2022) 207 - 214 2022.2

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：IEEE

DOI： 10.1109/cpeee54404.2022.9738677

J-GLOBAL

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Going for Derivatives or Forwards? Minimizing Cashflow Fluctuations of Electricity Transactions on Power Markets Reviewed International journal

Yuji Yamada, Takuji Matsumoto

Energies 14 ( 21 ) 7311 2021.11

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Language：English Publishing type：Research paper (scientific journal)

DOI： 10.3390/en14217311

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Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Energies 14 ( 21 ) 7146 2021.11

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal)

DOI： 10.3390/en14217146

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One-week-ahead electricity price forecasting using weather forecasts, and its application to arbitrage in the forward market: an empirical study of the Japan Electric Power Exchange Reviewed International journal

Takuji Matsumoto, Misao Endo

The Journal of Energy Markets 14 ( 3 ) 1 - 26 2021.9

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal)

DOI： 10.21314/JEM.2021.004

DOI： 10.24517/00067122

Web of Science

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Construction of Forecast Model for Power Demand and PV Power Generation Using Tensor Product Spline Function Reviewed International journal

Takuji Matsumoto, Yuji Yamada

IOP Conference Series: Earth and Environmental Science 812 ( 1 ) 012001 2021.7

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal) Publisher：IOP Publishing

DOI： 10.1088/1755-1315/812/1/012001

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Other Link： https://iopscience.iop.org/article/10.1088/1755-1315/812/1/012001/pdf
Customized yet Standardized Temperature Derivatives: A Non-Parametric Approach with Suitable Basis Selection for Ensuring Robustness Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Energies 14 ( 11 ) 3351 - 3351 2021.6

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Authorship：Lead author Language：English Publishing type：Research paper (scientific journal) Publisher：MDPI AG

DOI： 10.3390/en14113351

Scopus

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Electricity price forecast based on weekly weather forecast and its application to arbitrage in the forward market Reviewed International journal

Takuji Matsumoto, Misao Endo

Proceedings of IEEE 2021 11th International Conference on Power, Energy and Electrical Engineering (CPEEE 2021) 104 - 111 2021.3

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings)

DOI： 10.1109/CPEEE51686.2021.9383387

Web of Science

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Simultaneous hedging strategy for price and volume risks in electricity businesses using energy and weather derivatives Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Energy Economics 95 ( 105101 ) 105101 - 105101 2021.1

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Authorship：Lead author Language：English Publishing type：Research paper (scientific journal) Publisher：Elsevier

DOI： 10.1016/j.eneco.2021.105101

Scopus

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Hedging strategies for solar power businesses in electricity market using weather derivatives Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Proceedings of 2019 IEEE 2nd International Conference on Renewable Energy and Power Engineering (REPE 2019) 236 - 240 2020.3

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings) Publisher：IEEE

DOI： 10.1109/REPE48501.2019.9025128

DOI： 10.24517/00068383

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Other Link： https://kanazawa-u.repo.nii.ac.jp/?action=pages_view_main&active_action=repository_view_main_item_detail&item_id=62145&item_no=1&page_id=13&block_id=21
Meteorological Forecast Error Derivatives for Renewable Energy Power Trading (in Japanese)

Yuji Yamada, Takuji Matsumoto

Communications of the Operations Research Society of Japan 65 ( 1 ) 12 - 19 2020.1

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Language：Japanese Publishing type：Research paper (other academic) Publisher：The Operations Research Society of Japan

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PREDICTION METHOD FOR SOLAR POWER BUSINESS BASED ON FORECASTED GENERAL WEATHER CONDITIONS AND PERIODIC TRENDS BY WEATHER Reviewed

Takuji Matsumoto, Yuji Yamada

Transactions of the Operations Research Society of Japan 62 1 - 22 2019.3

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (scientific journal) Publisher：The Operations Research Society of Japan

DOI： 10.15807/torsj.62.1

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Cross Hedging Using Prediction Error Weather Derivatives for Loss of Solar Output Prediction Errors in Electricity Market Reviewed International journal

Takuji Matsumoto, Yuji Yamada

Asia-Pacific Financial Markets 26 211 - 227 2018.11

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (scientific journal) Publisher：JAFEE

DOI： 10.1007/s10690-018-9264-3

DOI： 10.24517/00068382

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Other Link： https://kanazawa-u.repo.nii.ac.jp/?action=pages_view_main&active_action=repository_view_main_item_detail&item_id=62144&item_no=1&page_id=13&block_id=21
Game Analysis on Fraud Audit in the Field of Public Audit System (in Japanese) Reviewed

Takuji Matsumoto

Kikei-kensa Kenkyu (Government Audit Research) ( 53 ) 93 - 111 2016.3

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (scientific journal) Publisher：Board of Audit of Japan

CiNii Books

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スウィングクオントオプションの価格付けとヘッジ

Yuji Yamada, Takuji Matsumoto

Proceedings of the 59th JAFEE summer conference 1 - 12 2023.8

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Language：Japanese Publishing type：Research paper (conference, symposium, etc.)

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Continuous Hedging Strategy for Power Market Using Financial Instruments on Electricity Price and Weather Reviewed International journal

Yuji Yamada, Takuji Matsumoto

Extended Abstracts of the 25th International Symposium on Mathematical Theory of Networks and Systems MTNS 2022 2022.9

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Language：English Publishing type：Research paper (international conference proceedings)

DOI： 10.15495/EPub_UBT_00006809

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Standardized Multivariate Weather Derivatives for Hedging Risk in Wind Power Generation Businesses

Takuji Matsumoto, Yuji Yamada

Proc. in the 57th JAFEE winter conference 1 - 12 2022.8

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (conference, symposium, etc.)

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Customization of Non-Parametric Hedging Models using Standardized Weather Derivatives: Ensuring Robustness by Cyclic Cubic Splines

Takuji Matsumoto, Yuji Yamada

Proc. in the 55th JAFEE winter conference 1 - 12 2021.8

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (conference, symposium, etc.) Publisher：JAFEE

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Forecast method of PV power generation output using 3D tensor product spline function (in Japanese)

Takuji Matsumoto, Yuji Yamada

Abstracts of the 2021 Spring National Conference of the ORSJ 1 - 2 2021.3

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Authorship：Lead author Language：Japanese Publisher：The Operations Research Society of Japan

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Consideration for liquidation of the electricity futures market - Realization of strategic risk hedge trading - (in Japanese)

Misao Endo, Takuji Matsumoto

Review of Electricity Economics ( 67 ) 51 - 63 2020.12

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Language：Japanese Publisher：Socio-economic Research Center, Central Research Institute of Electric Power Industry

CiNii Books

CiNii Research

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Forecast Based Risk Management for Electricity Trading Market

Takuji Matsumoto

Doctoral dissertation, University of Tsukuba 2020.8

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Authorship：Lead author Language：English Publishing type：Research paper (scientific journal) Publisher：University of Tsukuba

DOI： 10.15068/00162501

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Integrated derivative portfolio for hedging the risk of fluctuations in solar power business revenue in the wholesale power trading market (in Japanese)

Takuji Matsumoto, Yuji Yamada

Proc. in the 51st JAFEE winter conference 1 - 12 2019.8

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (conference, symposium, etc.) Publisher：JAFEE

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Cross-hedging of prediction error loss in solar power using tensor product spline function (in Japanese)

Takuji Matsumoto, Yuji Yamada

Proc. of the 50th JAFEE winter conference 1 - 11 2019.2

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Authorship：Lead author,　Corresponding author Language：Japanese Publishing type：Research paper (conference, symposium, etc.) Publisher：JAFEE

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A risk management tool for solar power businesses using prediction error weather derivatives Reviewed

Takuji Matsumoto, Yuji Yamada

Knowledge and Systems Sciences, 19th International Symposium, KSS 2018, Tokyo, Japan, November 25–27, 2018, Proceedings 55 2018.11

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Authorship：Lead author,　Corresponding author Language：English Publishing type：Research paper (international conference proceedings)

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Solar Radiation Derivatives for Hedging Output Forecast Error Loss in Solar Power (in Japanese)

Takuji Matsumoto, Yuji Yamada

Abstracts of the 2018 Spring National Conference of the ORSJ 1 - 2 2018.3

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Authorship：Lead author Language：Japanese Publishing type：Research paper (conference, symposium, etc.) Publisher：The Operations Research Society of Japan

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Risk management and governance for PFI Project: technology policy lessons from the case of Japan International journal

Takuji Matsumoto

Thesis (S.M. in Technology and Policy)-- Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2012 1 - 97 2012.6

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Authorship：Lead author Language：English Publishing type：Master’s thesis Publisher：Massachusetts Institute of Technology

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Analytical evaluation method of joint standard normal distribution function and its application to structural system reliability analysis (in Japanese)

Takuji Matsumoto

Abstracts of Graduate Thesis in Department of Architecture, the University of Tokyo 2005.3

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Authorship：Lead author Language：Japanese Publishing type：Thesis (other) Publisher：The University of Tokyo

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Books

Empirical analysis of risk premium in the Japanese electricity futures market

Takuji Matsumoto, Misao Endo

Socio-economic Research Center, Central Research Institute of Electric Power Industry 2021.3 （ ISBN:9784798319001 ）

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Total pages：26 Language：Japanese Book type：Report

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MISC

An Analysis of the Ex-Ante Risk Premium in the Japanese Electricity Futures Market Invited

Sihan Zhou, Takuji Matsumoto

Futures ＆ Options Report 37 ( 8 ) 1 - 8 2025.8

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Authorship：Last author,　Corresponding author Language：Japanese Publishing type：Internal/External technical report, pre-print, etc. Publisher：Japan Exchange Group

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Understanding and Applying Electricity Futures Pricing Invited

Takuji Matsumoto

Japan Exchange Group’s special page on electricity futures 2025.8

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Authorship：Lead author Language：Japanese Publishing type：Article, review, commentary, editorial, etc. (trade magazine, newspaper, online media) Publisher：Japan Exchange Group

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Construction of a Forward Curve for Electricity Market Trading Practices in Japan (in Japanese)

Takuji Matsumoto, Misao Endo

CRIEPI Research Material SE21503 2022.2

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Authorship：Lead author Language：Japanese Publishing type：Rapid communication, short report, research note, etc. (bulletin of university, research institution) Publisher：Central Research Institute of Electric Power Industry

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How should we understand the risk premium, for effective electricity futures trading? (in Japanese)

Takuji Matsumoto

Denki Shimbun Seminar ( 235 ) 2021.6

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Authorship：Lead author Language：Japanese Publishing type：Article, review, commentary, editorial, etc. (trade magazine, newspaper, online media)

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Impact of JEPX Spot Price 0.01 JPY/kWh - How Electricity Utilities Should Face the Risks - (in Japanese) Invited

Takuji Matsumoto

Monthly Energy Forum, August 2020 788 96 - 97 2020.8

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Language：Japanese Publishing type：Article, review, commentary, editorial, etc. (trade magazine, newspaper, online media) Publisher：Energy Forum Co., Ltd.

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Design of solar radiation forecast error derivatives in solar power generation and measurement of hedging effect (in Japanese)

Takuji Matsumoto, Yuji Yamada

Proc. of the 48th JAFEE winter conference (separate issue) 2018.3

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Authorship：Lead author Language：Japanese Publishing type：Research paper, summary (national, other academic conference) Publisher：JAFEE

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Utilization of price index for activation of electricity market (in Japanese)

Takuji Matsumoto

MRI Monthly Review 2018.1

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Authorship：Lead author Language：Japanese Publishing type：Article, review, commentary, editorial, etc. (trade magazine, newspaper, online media) Publisher：Mitsubishi Research Institute

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Presentations

Forecasting Methods and Bidding Strategies in Electricity Spot Markets Invited

Takuji Matsumoto

Public Research Meeting, Energy and Environmental Business Research Group, Japan Association of Real Options and Strategy 2025.8 Japan Association of Real Options and Strategy

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Event date： 2025.8

Language：Japanese Presentation type：Public lecture, seminar, tutorial, course, or other speech

Venue：Tokyo Country：Japan

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Standardized Weather Derivatives for Renewable Energy International conference

Takuji Matsumoto, Yuji Yamada

Winter Workshop on Operations Research, Finance and Mathematics, 2025 2025.2 Research Center for Quantitative Finance, Tokyo Metropolitan University; The Operations Research Society of Japan, Hokkaido Branch

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Event date： 2025.2

Language：English Presentation type：Oral presentation (general)

Venue：Asarigawa Onsen, Otaru city Country：Japan

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Hedging Methods for Shape Risk in Renewable Energy Markets - Empirical Analysis of Hedging Effectiveness Using QF Indexes -

Takuji Matsumoto, Yuji Yamada

The 62th JAFEE winter conference 2025.2 JAFEE

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Event date： 2025.2

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Market Trading Modeling for Efficient Risk Management of Renewable Energy

Takuji Matsumoto, Yuji Yamada

The 67th Japan Joint Automatic Control Conference 2024.11

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Event date： 2024.11

Language：English Presentation type：Oral presentation (invited, special)

Venue：Himeji Country：Japan

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Unveiling Forward Premium Dynamics: Theoretical and Empirical Insights from Limit Order Arbitrage Models Invited International coauthorship International conference

Takuji Matsumoto, Derek Bunn

International Conference on Modelling and Managing Energy Risks (MaMER2024) 2024.9 DEMB@unimore, dSEA@unipd, and DISEI@unifi

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Event date： 2024.9

Language：English Presentation type：Oral presentation (invited, special)

Venue：University of Modena and Reggio Emilia Country：Italy

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Electricity Price Forecasting with Principal Component-Guided Sparse Regression International coauthorship International conference

Takuji Matsumoto, Florian Ziel

The 20th International Conference on the European Energy Market (EEM24) 2024.6 IEEE

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Event date： 2024.6

Language：English Presentation type：Oral presentation (general)

Country：Turkey

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Efficient Risk Management for Distributed Clean Energy: Principal Component based Weather Derivatives Invited International conference

Takuji Matsumoto, Yuji Yamada

2024 14th International Conference on Future Environment and Energy (ICFEE 2024) 2024.3

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Event date： 2024.3

Language：English Presentation type：Oral presentation (invited, special)

Venue：Matsue city Country：Japan

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Principal Component Quanto Derivatives for Enhanced Solar Power Hedging

Takuji Matsumoto, Yuji Yamada

The 60th JAFEE winter conference 2024.2 JAFEE

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Event date： 2024.2

Language：English Presentation type：Oral presentation (general)

Venue：The University of Tokyo Country：Japan

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Optimal Arbitrage with Limit Orders in Day-Ahead Electricity Markets International coauthorship International conference

Takuji Matsumoto, Derek Bunn

18th IAEE European Conference 2023.7 International Association for Energy Economics

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Event date： 2023.7

Language：English Presentation type：Oral presentation (general)

Country：Italy

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Other Link： https://www.aiee.it/iaee_2023/wp-content/uploads/2023/08/Matsumoto_ppt_Milan2023.pdf
Construction of interpretable GAM-based PV forecasts that outperform the prediction accuracy of machine learning methods Invited International conference

Takuji Matsumoto, Yuji Yamada

The 7th International Conference on New Energy and Future Energy Systems (NEFES 2022) 2022.10

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Event date： 2022.10

Language：English Presentation type：Oral presentation (invited, special)

Venue：Online

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Comprehensive And Comparative Analysis Of GAM-based Solar Power Forecasting Models Versus Four Machine Learning Methods International conference

Takuji Matsumoto, Yuji Yamada

2022 INFORMS Annual Meeting 2022.10 INFORMS

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Event date： 2022.10

Language：English Presentation type：Oral presentation (general)

Venue：Indianapolis, IN Country：United States

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Discussant: " An empirical analysis of the price rise in the European and Japanese electricity markets - Implications for future energy policy and electricity market design -" Invited

Takuji Matsumoto

Society for Environmental Economics and Policy Studies 2022 Conference 2022.10 Society for Environmental Economics and Policy Studies

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Event date： 2022.10

Language：Japanese Presentation type：Oral presentation (invited, special)

Venue：Online Country：Japan

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Information Value of Weekly Weather Forecasts: An Empirical Analysis of Electricity Price Forecasting and Forward Arbitrage International conference

Takuji Matsumoto, Misao Endo

11th International Ruhr Energy Conference (INREC 2022) 2022.9 House of Energy Markets & Finance, University of Duisburg-Essen

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Event date： 2022.9

Language：English Presentation type：Oral presentation (general)

Venue：University of Duisburg-Essen, Germany Country：Germany

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Electricity Spot Price Forecasting Using Principal Component-Guided Sparse Regression

Takuji Matsumoto

The 2022 Autumun National Conference of the ORSJ 2022.9 The Operations Research Society of Japan

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Event date： 2022.9

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Multivariate Weather Derivatives for Wind Power Risk Management: Standardization Scheme and Trading Strategy International conference

Takuji Matsumoto, Yuji Yamada

The 9th International Conference on Energy and Environment Research 2022.9

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Event date： 2022.9

Language：English Presentation type：Oral presentation (general)

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Power Forward Curve Model with Mitigated Swell Based on Constrained Least Square Error Approach International conference

Takuji Matsumoto, Misao Endo

IEEE 2022 12th International Conference on Power, Energy and Electrical Engineering (CPEEE 2022) 2022.2

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Event date： 2022.2

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan

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Pricing Electricity Day-Ahead Cap Futures Using Multifactor GAMLSS Density Forecasts International coauthorship International conference

Takuji Matsumoto, Derek W. Bunn, Yuji Yamada

2021 INFORMS Annual Meeting 2021.10 INFORMS

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Event date： 2021.10

Language：English Presentation type：Oral presentation (general)

Venue：Online

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Customized Nonparametric Hedging Model for Electric Utilities: Suitable Basis Selection to Ensure Robustness International conference

Takuji Matsumoto, Yuji Yamada

22nd Conference of the International Federation of Operational Research Societies (IFORS 2021) 2021.8 The International Federation of Operational Research Societies

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Event date： 2021.8

Language：English Presentation type：Oral presentation (general)

Country：Korea, Republic of

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Customization of Non-Parametric Hedging Models using Standardized Weather Derivatives: Ensuring Robustness by Cyclic Cubic Splines

Takuji Matsumoto, Yuji Yamada

The 55th JAFEE summer conference 2021.8 JAFEE

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Event date： 2021.8

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan

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Solar power forecasting method based on smooth trend estimation in three directions of time, date, and solar radiation International conference

Takuji Matsumoto, Yuji Yamada

41st International Symposium on Forecasting (ISF 2021) 2021.6 International Institute of Forecasters

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Event date： 2021.6

Language：English Presentation type：Oral presentation (general)

Venue：Online

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Construction of Forecast Model for Power Demand and PV Power Generation Using Tensor Product Spline Function International conference

Takuji Matsumoto, Yuji Yamada

2021 3rd International Conference on Clean Energy and Electrical Systems 2021.4

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Event date： 2021.4

Language：English Presentation type：Oral presentation (general)

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Forecast method of PV power generation output using 3D tensor product spline function

Takuji Matsumoto, Yuji Yamada

2021 Spring National Conference of the ORSJ 2021.3 The Operations Research Society of Japan

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Event date： 2021.3

Language：Japanese Presentation type：Oral presentation (general)

Venue：Online Country：Japan

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Electricity price forecast based on weekly weather forecast and its application to arbitrage in the forward market International conference

Takuji Matsumoto, Misao Endo

IEEE 2021 11th International Conference on Power, Energy and Electrical Engineering (CPEEE 2021) 2021.2 IEEE

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Event date： 2021.2

Language：English Presentation type：Oral presentation (general)

Venue：Online

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Analytical Framework for Efficient Imbalance Settlement Mechanisms in the Japanese Electricity Markets International conference

Takuji Matsumoto, Derek Bunn, Yuji Yamada

2020 INFORMS Annual Meeting 2020.11

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Event date： 2020.11

Language：English Presentation type：Oral presentation (general)

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Risk Management for Electricity Market Using a Forecasting Approach Invited

Takuji Matsumoto

Faculty Seminar of Financial Strategy Program, Hitotsubashi University Business School (HUB) 2020.8 Hitotsubashi University Business School

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Event date： 2020.8

Language：Japanese Presentation type：Public lecture, seminar, tutorial, course, or other speech

Country：Japan

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Integrated derivative portfolio for hedging the risk of fluctuations in solar power business revenue in the wholesale power trading market (in Japanese)

Takuji Matsumoto, Yuji Yamada

The 51st JAFEE winter conference 2019.8 JAFEE

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Event date： 2019.8

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Nonparametric composite models for solar radiation forecasting and solar derivatives (in Japanese)

Takuji Matsumoto, Yuji Yamada

JSPS Scientific Research (A) Support Workshop "Theory and Practice of Power Market Trading Risk Management" 2019.3

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Event date： 2019.3

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Other Link： https://www.u.tsukuba.ac.jp/~yamada.yuji.gn/workshop/KibanA/matsumoto.html
Cross-hedging of prediction error loss in solar power using tensor product spline function (in Japanese)

Takuji Matsumoto, Yuji Yamada

The 50th JAFEE winter conference 2019.2 JAFEE

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Event date： 2019.2

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Solar Radiation Derivatives for Hedging Output Forecast Error Loss in Solar Power (in Japanese)

Takuji Matsumoto, Yuji Yamada

2018 Spring National Conference of the ORSJ 2018.3 The Operations Research Society of Japan

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Event date： 2018.3

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Design of solar radiation forecast error derivatives in solar power generation and measurement of hedging effect (in Japanese)

Takuji Matsumoto, Yuji Yamada

The 48th JAFEE winter conference 2018.3 JAFEE

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Event date： 2018.3

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Hedge Modelling for Solar Power Business Using Multiple Non-parametric Regression Methods International conference

Takuji Matsumoto, Yuji Yamada

2019 INFORMS Annual Meeting 2019.10 INFORMS

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Language：English Presentation type：Poster presentation

Venue：Seattle, USA

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Forecast Based Risk Management for Electricity Trading Market

Takuji Matsumoto

PhD dissertation defense, University of Tsukuba 2020.7

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Presentation type：Public lecture, seminar, tutorial, course, or other speech

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The changing JEPX market - The future of wholesale electric power as seen from data analysis (in Japanese) Invited

Takuji Matsumoto

Energy Information Center Seminar 2019.4

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Language：Japanese Presentation type：Public lecture, seminar, tutorial, course, or other speech

Country：Japan

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A risk management tool for solar power businesses using prediction error weather derivatives International conference

Takuji Matsumoto, Yuji Yamada

International Symposium on Knowledge Sciences 2018.11

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Language：English Presentation type：Oral presentation (general)

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Hedging strategies for solar power businesses in electricity market using weather derivatives International conference

Takuji Matsumoto

2019 IEEE 2nd International Conference on Renewable Energy and Power Engineering (REPE 2019) 2019.11 IEEE

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Language：English Presentation type：Oral presentation (general)

Venue：Toronto, Canada

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Altcoin Trading Strategies Using Bitcoin Price as a Leading Indicator: Analysis of interactions between crypto assets

Tomoki Kurihara, Takuji Matsumoto

The 62th JAFEE winter conference 2025.2 JAFEE

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Event date： 2025.2

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Reserve Market Price Forecasting: Model Overview and Accuracy Analysis Invited

Takuji Matsumoto

Reserve Market Price Forecasting Webinar 2025.1 Quick Corp.

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Event date： 2025.1

Language：Japanese Presentation type：Public lecture, seminar, tutorial, course, or other speech

Country：Japan

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Pricing Multifactor Swing Quanto Options with Tensor Product Spline Functions and Their Hedge Effects in Energy Markets

Yuji Yamada, Takuji Matsumoto

Quantitative Methods in Finance 2024 2024.12

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Event date： 2024.12

Language：English Presentation type：Oral presentation (general)

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Mitigating Cash Flow Volatility for Wind Power Producers Using Mixed Derivatives

Yuji Yamada, Takuji Matsumoto

2024 Asia Pacific Association of Finance International Conference 2024.7

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Event date： 2024.7

Language：English

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スウィングクオントオプションの価格付けとヘッジ

Yuji Yamada, Takuji Matsumoto

The 59th JAFEE summer conference 2023.8 JAFEE

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Event date： 2023.8

Language：English Presentation type：Oral presentation (general)

Country：Japan

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Product and market design of weather derivatives for efficient wind power risk hedge trading

Takuji Matsumoto

Waseda Workshop on Economics of Uncertainty and its Related Field 2023.3

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Event date： 2023.3

Language：Japanese Presentation type：Symposium, workshop panel (nominated)

Venue：Waseda University Country：Japan

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Continuous Hedging Strategy for Power Market Using Financial Instruments on Electricity Price and Weather International conference

Yuji Yamada, Takuji Matsumoto

Extended Abstracts of the 25th International Symposium on Mathematical Theory of Networks and Systems MTNS 2022 2022.9

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Event date： 2022.9

Language：English Presentation type：Oral presentation (invited, special)

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Standardized Multivariate Weather Derivatives for Hedging Risk in Wind Power Generation Businesses

Takuji Matsumoto, Yuji Yamada

the 57th JAFEE winter conference 2022.8 JAFEE

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Event date： 2022.8

Language：English Presentation type：Oral presentation (general)

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Hedging strategy for sustainable solar power generation businesses by creating derivatives market International conference

Yuji Yamada, Takuji Matsumoto

NUS-Tsukuba Joint-Online-Workshop on “Sustainable Management and Data Sciences” 2021.3 Faculty of Business Sciences, University of Tsukuba; NUS, Institute of Operations Research and Analytics (IORA)

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Event date： 2021.3

Language：English Presentation type：Symposium, workshop panel (nominated)

Venue：Tokyo Country：Japan

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Simultaneous Hedging of Price and Volume for Electricity Trading Using Prediction Error Derivatives International conference

Yuji Yamada, Takuji Matsumoto

2020 INFORMS Annual Meeting 2020.11

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Event date： 2020.11

Language：English Presentation type：Oral presentation (general)

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Creating prediction error insurance market for renewable energy trading International conference

Yuji Yamada, Takuji Matsumoto

MIT-Tsukuba Joint-Workshop on Data Systems Science towards Social and Business Innovations 2020.1 Faculty of Business Sciences, University of Tsukuba, and MIT Institute for Data, Systems, and Society (IDSS)

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Event date： 2020.1

Language：English Presentation type：Symposium, workshop panel (nominated)

Venue：Tokyo Country：Japan

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Performance indicators of electronic application system

Takuji Matsumoto

Japan Association for Management Systems 2010.4 Japan Association for Management Systems

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Event date： 2010.4

Language：Japanese Presentation type：Oral presentation (general)

Country：Japan

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Energy Finance and Digital Transformation

Takuji Matsumoto

2024.1

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Language：Japanese Presentation type：Public lecture, seminar, tutorial, course, or other speech

Country：Japan

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Valuation and in-depth analysis of multifactor swing quanto options for mitigating electricity price-volume risk Invited International conference

Yuji Yamada, Takuji Matsumoto

2023 KAFE-SKKU International Conference on Finance and Economics 2023.10

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Language：English Presentation type：Oral presentation (invited, special)

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Works

Power spot market data (automatically updated daily)

Takuji Matsumoto

2025.4

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Work type：Web Service

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Imbalance price

Takuji Matsumoto

2024.6

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Work type：Web Service

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Forecast of electricity spot price (JEPX) in Japan

Takuji Matsumoto

2023.5

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Work type：Web Service

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Forecast of solar radiation in Japan

Takuji Matsumoto

2023.5

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Work type：Web Service

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Temperature chart (automatically updated daily)

Takuji Matsumoto

2022.10

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Work type：Web Service

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Awards

JAFEE BEST PAPER AWARD

2024.8 JAFEE Cross Hedging Using Prediction Error Weather Derivatives for Loss of Solar Output Prediction Errors in Electricity Market

Takuji Matsumoto, Yuji Yamada

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Award type：Award from Japanese society, conference, symposium, etc. Country：Japan

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Best Paper Award

2024.3 2024 14th International Conference on Future Environment and Energy (ICFEE 2024) Efficient Risk Management for Distributed Clean Energy: Principal Component based Weather Derivatives

Takuji Matsumoto, Yuji Yamada

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Award type：Award from international society, conference, symposium, etc.

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JAFEE Young Researcher's Paper Award 2018

2019.2 JAFEE Cross Hedging Using Prediction Error Weather Derivatives for Loss of Solar Output Prediction Errors in Electricity Market

Takuji Matsumoto, Yuji Yamada

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Award type：Award from Japanese society, conference, symposium, etc.

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JAFEE Oral Presentation Award

2018.3 JAFEE Solar radiation derivatives for hedging prediction error loss of solar power

Takuji Matsumoto, Yuji Yamada

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Award type：Award from international society, conference, symposium, etc.

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Research Projects

Guidance on Medium- to Long-Term Price Forecasts

2025.8 - 2026.4

Private Company Academic Consultation

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Authorship：Principal investigator Grant type：Collaborative (industry/university)

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Guidance on Constructing a JEPX SPOT Price Projection Model

2025.7 - 2026.6

Private Company Academic Consultation

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Collaborative (industry/university)

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Research on long-term electricity price forecasting for thermal power storage

2024.10 - 2025.3

Private Company Collaborative Research

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Collaborative (industry/university)

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Development of Price Models and Comprehensive Fundamental Analysis for Electricity Market Risk Management in Japan International coauthorship

Grant number：24K16396 2024.4 - 2027.3

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Early-Career Scientists

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Competitive

Grant amount：\4680000 （ Direct Cost: \3600000 、 Indirect Cost：\1080000 ）

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Research on Reserve Market Price Forecasting

2024.3 - 2024.9

Private Company Collaborative Research

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Collaborative (industry/university)

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Elucidating electricity market mechanisms through sophisticated forecasting methods: integrating empirical insights from Japan and Europe International coauthorship

Grant number：22KK0217 2023.4 - 2026.3

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Fostering Joint International Research (A)

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Competitive

Grant amount：\15470000 （ Direct Cost: \11900000 、 Indirect Cost：\3570000 ）

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Risk management method and optimal system design of electricity market in the era of large scale deployment of distributed generation

Grant number：21K14374 2021.4 - 2025.3

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Early-Career Scientists

Takuji Matsumoto

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Authorship：Principal investigator

Grant amount：\4420000 （ Direct Cost: \3400000 、 Indirect Cost：\1020000 ）

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Construction of risk management system to support renewable energy P2P transactions

Grant number：20H00285 2020.4 - 2025.3

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (A)

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Authorship：Coinvestigator(s) Grant type：Competitive

Grant amount：\44720000 （ Direct Cost: \34400000 、 Indirect Cost：\10320000 ）

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Development of forecasting and modeling methods of prices in electricity market and application to risk management International coauthorship

2019.10 - 2020.2

Japan Society for the Promotion of Science 2019 Overseas Challenge Program for Young Researchers

Takuji Matsumoto

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Authorship：Principal investigator Grant type：Competitive

Grant amount：\1400000 （ Direct Cost: \1400000 ）

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Risk management system for losses caused by trading electricity in whole sale market using weather derivatives

Grant number：19K22024 2019.6 - 2023.3

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Challenging Research (Exploratory)

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Authorship：Coinvestigator(s) Grant type：Competitive

Grant amount：\6500000 （ Direct Cost: \5000000 、 Indirect Cost：\1500000 ）

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Other

データ分析コンペ入賞

2024.2

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Nishika主催データ分析コンペ「生鮮野菜の価格予測2024冬」2位入賞

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Alliance Partner

2023.5

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Teaching Experience

Energy Market and Risk Management

2025.12 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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Financial Engineering

2025.10 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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Innovation Policy I, II

2025.10 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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Methodology of Political Science and Economics II

2025.6 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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Exercises in Research Literacy

2025.6 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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Introduction to Management of Technology II

2025.6 Institution：Institute of Science Tokyo

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Level：Undergraduate (specialized) Country：Japan

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Seminar on Technology and Innovation Management

2025.4 Institution：Institute of Science Tokyo

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Level：Postgraduate Country：Japan

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AI lectures & trainings (Deep Lectures & Trainings)

2025.2 - 2025.3 Institution：Kanazawa University

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Introduction to Finance

2024.12 - 2025.3 Institution：Kanazawa University, College of Human and Social Sciences, School of Economics

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Exploratory Project Seminar (ESG Investment Simulation)

2024.4 - 2025.3 Institution：Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Qualifying Examination

2024.4 - 2025.3 Institution：Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Graduation Thesis Research

2024.4 - 2025.3 Institution：Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Seminar of Financial Engineering

2023.12 - 2025.3 Institution：Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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金融工学総論（ゲスト講師）

2023.12 Institution：筑波大学大学院ビジネス科学研究科

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Level：Postgraduate Country：Japan

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Financial Engineering

2023.10 - 2025.3 Institution：College of Transdisciplinary Sciences for Innovation, Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Study Abroad Programs

2023.6 - 2025.3 Institution：College of Transdisciplinary Sciences for Innovation, Kanazawa University

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ESG investing

2023.6 - 2025.3 Institution：College of Transdisciplinary Sciences for Innovation, Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Exploratory Project Seminar (Predictive Modeling of Finance-Related Data)

2023.4 - 2023.12 Institution：College of Transdisciplinary Sciences for Innovation, Kanazawa University

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Level：Undergraduate (specialized) Country：Japan

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Super Smart City and Society 5.0

2022.6 - 2025.3 Institution：College of Transdisciplinary Sciences for Innovation, Kanazawa University

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Business Management Special Exercise I-I

2021.5 Institution：The Graduate School of Business Sciences, University of Tsukuba

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Level：Postgraduate Country：Japan

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Social Activities

Providing academic and technical advisory services for power futures analysis

Role(s)： Advisor

Private Company 2025.9

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Audience： Company

Type：Research consultation

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Understanding and Applying Electricity Futures Pricing

Role(s)： Contribution

Japan Exchange Group Japan Exchange Group’s special page on electricity futures 2025.8

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Audience： Researchesrs,　Company

Type：Internet

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Providing support for developing models for market price, demand, and imbalance forecasting in electricity market trading

Role(s)： Advisor

Private Company 2025.6

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Audience： Company

Type：Research consultation

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Weather Derivatives: A Financial Tool for a Sustainable Future

Role(s)： Lecturer

FROMPAGE 2023.10

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Audience： High school students

Type：Visiting lecture

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Weather Derivatives: A Financial Tool for a Sustainable Future

Role(s)： Lecturer

FROMPAGE 2023.6

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Audience： High school students

Type：Promotional material

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Weather Derivatives: Aiding the Pursuit of Carbon Neutrality

Role(s)： Media coverage,　Contribution

FROMPAGE 2023.6

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Audience： High school students

Type：Internet

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Media Coverage

Basic knowledge of futures trading and derivatives Internet

EMOTIONAL LINK LCC. 2022.8

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Electricity prices to rise for a prolonged period of time, pressure to raise prices again in January due to soaring LNG prices Newspaper, magazine

Nikkei Inc. Nihon Keizai Shimbun (The Nikkei) 2021.10

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Academic Activities

Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

2024 14th International Conference on Future Environment and Energy (ICFEE 2024) 2024.3

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Type：Academic society, research group, etc.

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Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

The 7th International Conference on New Energy and Future Energy Systems (NEFES 2022) 2022.10

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Type：Academic society, research group, etc.

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Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

IEEE 2022 12th International Conference on Power, Energy and Electrical Engineering 2022.2

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Type：Academic society, research group, etc.

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Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

2021 INFORMS Annual Meeting 2021.10

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Type：Academic society, research group, etc.

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Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

41st International Symposium on Forecasting (ISF 2021) 2021.6

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Type：Academic society, research group, etc.

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Session Chair International contribution

Role(s)： Panel moderator, session chair, etc.

IEEE 2021 11th International Conference on Power, Energy and Electrical Engineering 2021.2

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Type：Academic society, research group, etc.

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Peer review International contribution

Role(s)： Peer review

Energies (15); IEEE Trans on Power Syst (5), Smart Grid (3), Energy Mkts (1); Energy Econ (4); J Energy Mkts (3); Sustainable Futures (3); Economies (3); Financial Innov (2); Green Low-Carbon Econ (2); Energy Technol (2); Appl Econ Lett (2); Commodities (2); J Futures Mkts (1); Appl Econ (1); Energy Sources B (1); Asia-Pac Financial Mkts (1); Sustainability (1); IEEE PES GM ’23(3), ’24(3); IFAC WC ’23(2); MTNS ’22(1); CPEEE ’21(3), ’22(3), ’23(1), ’24(1), ’25(2); EI.A ’25(1); ICFEE ’24(3); etc. 2020.9

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Type：Academic society, research group, etc.

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