SFeDu
of.211, Gorgoko St., 88 
Rostov-on-Don
Russia
344002
+7 (863) 250-59-54
This email address is being protected from spambots. You need JavaScript enabled to view it.
te@sfedu.ru

TERRA ECONOMICUS

ECONOMIC ASPECTS OF FORMATION OF UNITED ELECTRIC POWER MARKETS

TERRA ECONOMICUS, , Vol. 16 (no. 3),

The paper deals with the economic aspects of the formation of the united electric power markets by the example of the common electricity market of the Eurasian Economic Union. It is shown that, in many respects, the integration processes taking place in the energy supply chain, the capacity of the cross-border transmission lines and the adopted model of its distribution in the common electricity market. An approach is proposed for modeling the distribution of the capacity of cross-border lines based on the auction method of determining prices.


Keywords: electricity markets; integration; competitiveness; electric power transmission; distribution of rights

References:
  • Brożyna, J., Mentel, G., Szetela, B. and Strielkowski, W. (2018). Multi-seasonality in the TBATS model using demand for electric energy as a case study. Economic Computation & Economic Cybernetics Studies & Research, 52(1), 229–DOI: 10.24818/18423264/52.1.18.14.
  • Energy Strategy of Russia for the period up to 2035 (main provisions) (http://ac.gov. ru/files/content/1578/11-02-14-energostrategy-2035-pdf.pdf). (In Russian.)
  • Favorskii, O., Filippov, S. and Polishchuk, V. (2017). Priorities in providing Russia’s power industry with competitive equipment. Herald of the Russian Academy of Sciences, 87(4), 310–317.
  • Information Review of the System operator of the Unified Energy System (2017) (http://so-ups.ru/fileadmin/files/company/reports/upsreview/2017/ups_review_0117. pdf). (In Russian.)
  • International Energy Agency (IEA) (2018). World Energy Statistics and Balances (database). (https://www.oecd-ilibrary.org/content/collection/enestats-data-en – Accessed Date: 20.07.2018).
  • Khitakhunov, A., Mukhamediyev, B. and Pomfret, R. (2017). Eurasian Economic Union: present and future perspectives. Economic Change and Restructuring, 50(1), 59–77. DOI: 10.1007/s10644-016-9182-1.
  • Lisin, E. and Strielkowski, W. (2014). Modelling new economic approaches for the wholesale energy markets in Russia and the EU. Transformation in Business & Economics, 13, pp. 566‒580.
  • Lisin, E., Kindra, V. and Horvathova, Z. (2017a). Sustainable development of regional heat supply systems in the context of the Eurasian Economic Union energy markets association. Journal of Security & Sustainability Issues, 6(4), 746–760. DOI: 10.9770/ jssi.2017.6.4(18).
  • Lisin, E., Lozenko, V., Komarov, I. and Zlyvko, O. (2015a). Business competitiveness of Russian power plants in current market situation. Transformation in Business & Economics, 14, 557–574.
  • Lisin, E., Marishkina, Y., Strielkowski, W. and Streimikiene, D. (2017b). Analysis of competitiveness: energy sector and the electricity market in Russia. Economic research-Ekonomska istraživanja, 30(1), 1820–1828. DOI: 10.1080/1331677X.2017.1392887.
  • Lisin, E., Rogalev, A., Strielkowski, W. and Komarov, I. (2015d). Sustainable modernization of the Russian power utilities industry. Sustainability, 7(9), 11378–11400. DOI: 10.3390/su70911378.
  • Lisin, E., Shuvalova, D., Volkova, I. and Strielkowski, W. (2018). Sustainable Development of Regional Power Systems and the Consumption of Electric Energy. Sustainability, 10(4), 1111–1121. DOI: 10.3390/su10041111.
  • Lisin, E., Sobolev, A., Strielkowski, W. and Garanin, I. (2016). Thermal efficiency of cogeneration units with multi-stage reheating for Russian municipal heating systems. Energies, 9(4), 269. DOI: 10.3390/en9040269.
  • Lisin, E., Strielkowski, W. and Garanin, I. (2015b). Economic efficiency and transformation of the Russian energy sector. Economic research-Ekonomska istraživanja, 28(1), 620–630. DOI: 10.1080/1331677X.2015.1086886.
  • Maximov, B. and Molodyuk, V. (2008). Theoretical and practical fundamentals of the electricity market. Moscow: MPEI Publishing House, 291 p. (In Russian.)
  • Melas, V., Lisin, E., Tvaronavičienė, M., Peresadko, G. and Radwański, R. (2017). Energy security and economic development: renewables and the integration of energy systems. Journal of Security & Sustainability Issues, 7(1), 133–139. DOI: 10.9770/jssi.2017.7.1(11).
  • Newbery, D., Pollitt, M. G., Ritz, R. A. and Strielkowski, W. (2018). Market design for a high-renewables European electricity system. Renewable and Sustainable Energy Reviews, 91, 695–707. DOI: 10.1016/j.rser.2018.04.025.
  • Proskuryakova, L. and Filippov, S. (2015). Energy technology Foresight 2030 in Russia: an outlook for safer and more efficient energy future. Energy Procedia, 75, 2798–2806. DOI: 10.1016/j.egypro.2015.07.550.
  • Statistical Compendium of Federal Service of State Statistics: Industrial production in Russia, 2016. (http://www.gks.ru/free_doc/doc_2016/prom16.pdf). (In Russian.)
  • Stoft, S. (2002). Power System Economics: Designing Markets for Electricity. Hoboken, New Jersey: IEEE Press, 460 p.
  • Strielkowski, W. (2017a). Social and economic implications for the smart grids of the future. Economics & Sociology, 10(1), 310–318. DOI: 10.14254/2071-789X.2017/10-1/22.
  • Strielkowski, W., Lisin, E. and Astachova, E. (2017b). Economic sustainability of energy systems and prices in the EU. Entrepreneurship and Sustainability Issues, 4(4), 591–600. DOI: 10.9770/jesi.2017.4.4(14).
  • Uddin, K., Gough, R., Radcliffe, J., Marco, J., & Jennings, P. (2017). Techno-economic analysis of the viability of residential photovoltaic systems using lithium-ion batteries for energy storage in the United Kingdom. Applied Energy, 206, 12–21. DOI: 10.1016/j. apenergy.2017.08.170.
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606