Mathematical approach to wholesale power and capacity market regulation

Lisin, Evgeny; Strielkowski, Wadim; Amelina, A. Y.; Konova, Oxana; Čábelková, Inna

doi:10.12988/ams.2014.49757

Cited by 4 publications

(3 citation statements)

References 8 publications

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“…Due to the existing structure of the Russian power utilities industry, TPPs do not enter the market independently, usually operating as parts of wholesale generating companies (OGKs) or territorial generating companies (TGKs/TGCs) [8,9]. Utility companies plan the development of generating plant capacity by coordinating key parameters of their future projects for new capacity with the Ministry of Energy of Russia, an authority tasked with state regulation and development management of the national grid and the power utilities industry in general.…”

Section: Introductionmentioning

confidence: 99%

Sustainable Modernization of the Russian Power Utilities Industry

et al. 2015

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Our paper analyzes the issue of managing structural and technological modernization of the Russian power utilities industry based on the basic criteria of sustainable development. We have chosen coal-fired generation and its defining technologies as the main subject for our analysis. Key points of the Russian power utilities development strategy that has been drawn up to 2030 are compared against the basic principles of sustainable development. Moreover, a mathematical economic model is proposed to justify the choice of coal-fired power plant technology from the standpoint of economic, social, and environmental efficiency.

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Section: Introductionmentioning

confidence: 99%

Sustainable Modernization of the Russian Power Utilities Industry

et al. 2015

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“…It appears necessary to seek technical and economic solutions that facilitate the decentralisation in the industry; in other words, the emergence of smallsized efficient energy sources, which are capable of competing with large-sized power plants. At the same time, it is necessary to adhere to the country's energy development strategy, gradually making the transition from the pre-emptive use of natural gas to a significant use of fossil fuels (Kasperowicz, 2014;Lisin & Grigoryeva, 2012;Lisin, Strielkowski, Amelina, Konova, & Čábelková, 2014;Maximov & Molodyuk, 2008;Stoft, 2002). The presence of the above problems and major problems of public concern facing the industry in terms of the state course taken to ensure competitive energy markets, determines the relevance of the economic justification of the choice of modern technologies for the combined production of heat and electricity.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic efficiency and transformation of the Russian energy sector

Lisin

Strielkowski

Garanin

2015

Economic Research-Ekonomska Istraživanja

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This paper considers the issues of economic transformation, reconstruction, and technical re-equipment of the energy sector in the Russian Federation. The sector is struggling with economic inefficiency and post-transformation legacy. Energy sector transformation represents a key element in ensuring the energy security and it one of the most troubling questions of energy economics nowadays. It is expected that by 2020 more than half of the energy equipment in Russia would exceed its economic life. Our results show that the main goals of reconstruction might include life extension, increasing production efficiency, and output. We demonstrate that these goals can be achieved through partial replacement of the most worn parts of equipment (e.g. replacement of blades in the turbine), the combination of new and old equipment (such as add-in steam and gas cycle), and full replacement of equipment.

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“…Let R be a set of generator company A's generating assets. In view of strategy choice, generator A's daily revenue d L can be determined using the formula (7): [9,12,17]  …”

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Mathematical and economic model of generators’ strategies on wholesale electricity markets

Lisin¹,

Amelina²,

Strielkowski³

et al. 2015

ams

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This paper explores a model that may be used in driving the decisions of generator companies for strategies to be pursued in the competitive sector of the Russian electricity market for day-ahead electric energy and power deliveries. A mathematical economics model of the market was developed to test various strategies for placing offers into the trading system, including a strategy based on marginal cost pricing, strategies involving the exercise of market power by withdrawing available power physically or financially, and a mixed strategy. Our yardstick for choosing the optimum strategy was the daily profit earned by the generator. For computation, the model was fed with a sample of online generating capacity of electric utilities operating within the South Russian Unified Power System operations zone.

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Mathematical approach to wholesale power and capacity market regulation

Cited by 4 publications

References 8 publications

Sustainable Modernization of the Russian Power Utilities Industry

Sustainable Modernization of the Russian Power Utilities Industry

Economic efficiency and transformation of the Russian energy sector

Mathematical and economic model of generators’ strategies on wholesale electricity markets

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