Asset Management of Energy Company Based on Risk-Oriented Strategy

Gitelman, L. D.; Kozhevnikov, Mikhail; Chebotareva, G.; Kaimanova, Olga A.

doi:10.2495/epm200121

Cited by 10 publications

(4 citation statements)

References 19 publications

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“…where s1 is the key rate of the Bank of Russia, equal to 6.25% (calculations were made before February 10, 2020) (cbr.ru, 2019); s2-inflation rate; s3 is the value of the risk of inaccuracy in assessing the technical effectiveness of measures, equal to 5.00% (PolozheniePAO, 2019;Gitelman et al, 2020). This inaccuracy can be performed by the owner of the SPP which is an energy company or a business enterprise seeking to build the SPP and generate profits from its operation.…”

Section: Methodsmentioning

confidence: 99%

Future Development of Renewable Energy in Russia: A Case of Solar Power

et al. 2022

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Currently, there is a growing number of studies related to assessing the cost-effectiveness of renewable energy projects around the world. This topic is also very relevant for the Russian energy market that is otherwise dominated by oil and gas. The Russian Ministry of Energy forecasts that local power plants running on the renewable energy sources (RES) may not become economically efficient until 2025 or later. However, a research question arises: Is it possible to effectively implement RES projects in Russia without any state support? In order to answer this question, the authors need to assess the economic feasibility of seven scenarios for the construction of a solar power plant in the Orenburg region of Russia. The methodological basis of this work is the widely used in the energy sector classic method of investment analysis based on the calculation of discounted indicators: net present value (NPV), payback period (DPP) and internal rate of return (IRR) of the project. All our calculations are based on industry-specific initial capital investment estimates, energy storage equipment costs, and related annual operating costs. This led to the development of the scenarios on the basis of an analysis of the features of electricity and capacity generation in the Orenburg region, the existing options for joining the trading system of the energy market, energy storage applications, as well as the availability of the Russian government support and funding for the solar energy projects. Our results demonstrate that the economic feasibility of the development of renewable energy in Russia can become a reality. Out of the seven scenarios, three yielded the positive economic outcome (among them there were the two project scenarios without government support). These two projects featured the sale of electricity in retail markets and the installation of an additional energy storage system, despite an almost twofold increase in capital investments. The projects in question achieved the best economic results according to the three calculated criteria. In particular, the scenario that provided for the work on the retail market directly to the energy consumer receives an NPV of more than 1.5 times higher than other projects, an IRR of 10% and pays off at least 3 years faster. Achieving a positive economic result in the wholesale market was possible only in case of state support for the project. In addition, this scenario of the project numerically reached almost identical indicators, as in the case of selling energy on the retail market in the region where the power facility operates: NPV is almost 127 million rubles, IRR is within 13.9%, and DPP is 15 years. Other scenarios that do not provide for the use of energy storage systems or do not have state support for working in the wholesale market are not self-sustaining even during the 25-year life of energy equipment. These results might have practical significance and will be used in developing an approach to creating a profile of regions in terms of the advancements of renewable energy, as well as in developing strategies for the incentives of this sector in Russia.

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Section: Methodsmentioning

confidence: 99%

Future Development of Renewable Energy in Russia: A Case of Solar Power

et al. 2022

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“…Another example is the organization of IoT-based tools for intellectual repairs and maintenance services on the basis of platforms [21]. Under the traditional approach, an energy company collects and stores information about the performance of mechanical and electrical equipment in a special database where the data is aggregated.…”

Section: Asset Managementmentioning

confidence: 99%

Adoption of Technology Platforms in the Electric Power Industry: New Opportunities

Gitelman

Kozhevnikov

2022

WIT Transactions on Ecology and the Environment

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The paper defines the key areas of application and economic effects of platform tools in the electric power industry. This is a new approach that boosts the development of knowledge-intensive services on the basis of integration of utilities, consumers, developers and digital solutions providers into a single eco-system, which enables the accumulation and update of knowledge on the systems and processes being serviced. Using theoretical analysis and their specific hands-on experience, the authors prove that the application of platform tools delivers an economic effect through a greater volume and speed of energy transactions, the adoption of innovations by energy companies in their commercial and production operations, faster transfer of new knowledge between platform stakeholders, and creation of knowledge-intensive services for pro-active consumers on the basis of new knowledge. The scientific novelty of the study is that it gives a systemic overview of theoretical and methodological conceptions of platforms tailored for the electric power industry, which is a complex infrastructure industry, from the perspective of the economic expediency of their implementation. The findings could be of interest to various parties involved in energy and economic relations when implementing projects focusing on modernization, energy transition, energy conservation, improvement of consumer interactions with the employment of the latest communication interfaces.

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“…Для расчета параметров структурной надежности СЭС широко применим метод блок-схем [16][17][18]. Метод использует преобразование исходной схемы электроснабжения в эквивалентную с помощью последовательно и параллельно соединенных элементов.…”

Section: материалы и методыunclassified

On the issue of effectiveness of the oil production electrical equipment repairs management with a strategy for technical condition

Levin

Guzhov

Boyarova

2022

«Izvestiya vysshikh uchebnykh zavedenii. PROBLEMY ENERGETIKI»

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PURPOSE. To consider aspects of solving the complex problem of reasonable choice and assignment of the repair management strategy for the equipment of power supply systems of oil production consumers according to the actual technical condition. To form a methodology for assessing the comparative effectiveness of repair management strategies: «By frequency, running hours» and «By technical condition». To verify the performance of the integrated methodology. Justify and demonstrate the effectiveness of the repair management strategy: «By technical condition» of the equipment on the real example of the typical scheme of the electrical supply system of oil fields.METHODS. In solving the problems set: the method of block diagrams for calculating the structural reliability of electric distribution network, including the probabilities of power supply failure in the circuit of each technological consumer, taking into account the possibility of redundancy and imposing an emergency restoration of the main element on the planned repair of the reserve, the method of hierarchy analysis for integral assessment of the actual technical condition of electrical equipment 6 (10) kV, method of calculating the mathematical expectation of damage from technological losses of oil production to assess the severity of the consequences of disruption of electricity supply to consumers of oil production, the method of expert decisions to adjust the regulatory periodicity and frequency of scheduled repairs of equipment, depending on the actual value of technical condition index.RESULTS. The relevance of the research direction is substantiated. Computational methodology of comprehensive assessment of comparative efficiency of equipment repair management strategies in oilfield power supply system «By frequency, running hours» and «By technical condition» to justify the priority of one of them has been formed. On a concrete computational example the preference of strategy choice «By technical condition» is proved as applied to the equipment of 6(10) kV power supply systems of oil fields.CONCLUSION. The developed methodology and its validation on the example of a real power supply system allows to substantiate and illustrate the effectiveness of the strategy «By technical condition» in comparison with the strategy: «By frequency, running hours» in relation to the management of repairs of oil production facilities.

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Asset Management of Energy Company Based on Risk-Oriented Strategy

Cited by 10 publications

References 19 publications

Future Development of Renewable Energy in Russia: A Case of Solar Power

Future Development of Renewable Energy in Russia: A Case of Solar Power

Adoption of Technology Platforms in the Electric Power Industry: New Opportunities

On the issue of effectiveness of the oil production electrical equipment repairs management with a strategy for technical condition

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