scholarly journals Economic Theoretical and Legal Issues of Antimonopoly Regulation in the Russian Electric Power Industry

2020 ◽  
Vol 209 ◽  
pp. 03028
Author(s):  
Mikhail Vasilyev
Keyword(s):  
Economic Theory ◽  
Electric Power ◽  
Electric Power Industry ◽  
Science Research ◽  
Legal Issues ◽  
The Public ◽  
Price Manipulation ◽  
Legal Science ◽  
Capacity Market ◽  
Regulation Mechanisms

The paper discusses the antimonopoly regulation of the Russian wholesale electricity and capacity market as an interconnection of economic theory and legal science. Research of results and by-effects of different regulation mechanisms and understanding the public danger of abusing monopoly power are problems of the economic theory and there are serious contradictions in these spheres nowadays. The legal science reflects these contradictions and transfers them into legal acts. The three legal acts that regulate pricing and bidding in the wholesale electricity and capacity market in Russia are analyzed. Findings show that the concepts of price manipulation and monopolistically high and low pricing are not clearly defined and allow violent interpretation.

scholarly journals Performance of the Public Electric Power Industry: Evidence from Pakistan

2001 ◽  
Vol 40 (2) ◽  
pp. 115-133
Author(s):  
Abdul Ghafoor ◽  
Jhon Weiss
Keyword(s):  
Electric Power ◽  
Economies Of Scale ◽  
Electric Power Industry ◽  
Factor Productivity ◽  
Public Infrastructure ◽  
Power Sector ◽  
Firm Level ◽  
The Public ◽  
Electric Power Sector ◽  
Productivity Indicators

The study investigates the performance of electric power sector of Pakistan at the firm level, as well as the sector as a whole. It identifies and attempts to quantify the extent of inefficiencies. Since either physical or financial or productivity indicators alone are not able to explain the duality of public infrastructure purposes and the complexity of their multi-dimensional goals, a set of relevant physical, financial, and productivity indicators have been used in evaluating the performance of this sector. Further, a Cobb- Douglas production function has also been used to calculate the trend in the growth of total factor productivity. Economies of scale have also been studied in the case of electric power generation.

scholarly journals Legal Support of Digitalization in the Wholesale Electricity and Capacity Market

2021 ◽  
Vol 4 ◽  
pp. 105-110
Author(s):  
Nadezhda V. Koropets ◽  
Keyword(s):  
Power Systems ◽  
Electric Power ◽  
Legal Protection ◽  
Electric Power Industry ◽  
Legal Regulation ◽  
Software Systems ◽  
Security Issues ◽  
Market Participants ◽  
Capacity Market ◽  
Scientific Project

The main objective of the electric power industry is to provide for uninterrupted and reliable operation of power systems in order to meet the demand for electric power. The introduction of digital technologies in the wholesale electricity and capacity market is aimed at improving the efficiency, safety and continuity of its operation. The author highlights the features of legal support of digitalization in the wholesale electricity and capacity market, and proposes the possibility of expansion of the experimental legal regime to the wholesale electricity and capacity market. Information security issues are considered taking into account the fact that market participants may suffer not only financial and reputational losses from the implementation of security threats, but also damage to the life and health of people, the environment and the market infrastructure. The author concludes that it is necessary to develop means of legal protection of interests of owners and users of electronic software systems, as well as legal regulation of automated actions carried out in the wholesale electricity and capacity market. The research was carried out with the financial support of the RFBR within scientific project No. 20-311-90034.

CROSS-SUBSIDIZATION IN TARIFF DESIGN FOR ELECTRICITY

2020 ◽  
Vol 3 (7) ◽  
pp. 30-39
Author(s):  
S. Ya. CHERNAVSKII ◽  
◽  
N. R. KHACHATURYAN ◽  
Z. N. TSVETAEVA ◽  
◽  
...  
Keyword(s):  
Decision Making ◽  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
The Public ◽  
Negative Side ◽  
Positive Side ◽  
Cross Subsidization ◽  
Electricity Tariff

The article highlights one of the unsolved problems of the Russian power industry management. In most of the works, cross-subsidization in the electric power industry is considered in negative connotations. It is shown that in the design of the electricity tariff with cross-subsidization, along with the negative side, there is also a positive side. The article presents views on the problem of people who are active in decision-making, but pas-sive in the public scientific space.

scholarly journals Understanding the Performance of the Electric Power Industry in China

2012 ◽  
Vol 11 (2) ◽  
pp. 62-92 ◽  
Author(s):  
Guy Liu ◽  
Liang Zhang
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
End Users ◽  
Electricity Sector ◽  
Electricity Supply ◽  
The West ◽  
The Public ◽  
The Impact ◽  
Current Plan

Despite three decades of reform, China's electricity sector is still organized by a “new reformed plan” where capacity investment has been liberalized but prices and production remain controlled. This paper examines the impact of the current plan prices on end-users with reference to the OECD and how the plan price of electricity supply is formed. We argue that the plan price is set in an attempt to balance the interests of the public and the power industry. We find that China's industries do not pay a cheaper price for electricity than the West, and the plan price is formed through bargain between the firm and the state, which allows the firm to have a soft price constraint on its costs.

scholarly journals CHALLENGES AND TASKS OF THE LEGAL REGULATION OF ELECTRIC POWER AND CAPACITY TRADING IN THE WHOLESALE MARKET

2020 ◽  
Vol 3 ◽  
pp. 44-50
Author(s):  
Nadezhda V. Koropets ◽  
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Legal Regulation ◽  
Power Industry ◽  
Bankruptcy Law ◽  
Bad Faith ◽  
Federal Law ◽  
Wholesale Market ◽  
Capacity Market ◽  
Market Player

The legal regulation of trading in the wholesale electric power and capacity market is based on the Law on the Electric Power Industry and the Wholesale Electric Power and Capacity Market Regulations. The peculiarities of legal regulation established by the Federal Law “On Insolvency (Bankruptcy)” should also be considered. As of March 17, 2020, the List of Wholesale Market Actors Undergoing Bankruptcy Proceedings included 40 companies. Poor payment behavior in the wholesale electric power and capacity market is one of the main issues. Failure to pay does not only affect the settlement status in the market, but also leads directly to an unscrupulous market player being declared insolvent. In this case, the existing legal regulation does not guarantee protection against wholesale electric power and capacity market transactions being disputed unreasonably. It seems that the best way to prevent transactions from being disputed in bad faith is to amend the current revision of Article 61.4 of the Bankruptcy Law by adding provisions stating in which cases transactions required by the wholesale electric power and capacity market rules cannot be disputed.

scholarly journals LEGAL SUPPORT OF DIGITALIZATION IN THE WHOLESALE ELECTRICITY AND CAPACITY MARKET

2021 ◽  
Vol 4 ◽  
pp. 48-55
Author(s):  
Nadezhda V. Koropets ◽  
Keyword(s):  
Power Systems ◽  
Electric Power ◽  
Legal Protection ◽  
Electric Power Industry ◽  
Legal Regulation ◽  
Software Systems ◽  
Security Issues ◽  
Market Participants ◽  
Capacity Market ◽  
Scientific Project

The main objective of the electric power industry is to provide for uninterrupted and reliable operation of power systems in order to meet the demand for electric power. The introduction of digital technologies in the wholesale electricity and capacity market is aimed at improving the efficiency, safety and continuity of its operation. The author highlights the features of legal support of digitalization in the wholesale electricity and capacity market, and proposes the possibility of expansion of the experimental legal regime to the wholesale electricity and capacity market. Information security issues are considered taking into account the fact that market participants may suffer not only financial and reputational losses from the implementation of security threats, but also damage to the life and health of people, the environment and the market infrastructure. The author concludes that it is necessary to develop means of legal protection of interests of owners and users of electronic software systems, as well as legal regulation of automated actions carried out in the wholesale electricity and capacity market. The research was carried out with the financial support of the RFBR within scientific project No. 20-311-90034.

scholarly journals Issues of establishing an alternative concept of energy development. Part 1. From an increase in the capacity of the power system to an increase in the structural stability of the electric power industry.

2020 ◽  
Author(s):  
S.A. Nekrasov
Keyword(s):  
Economic Theory ◽  
Graduate Students ◽  
Electric Power ◽  
Energy Supply ◽  
Alternative Energy ◽  
Electric Power Industry ◽  
Energy Development ◽  
University Teachers ◽  
Technological Chain ◽  
Development Concept

The monograph presents the Issues of establishing an alternative energy development concept. Based on tectology and systematic economic theory, it is demonstrated that, unlike post-reform increase in quantitative figures of certain energetic companies, the basis for the effectiveness growth of technological chain “production-consumption of energetic resources” as an integral system is the growth of energy development structural sustainability as a result of shifting priority to consumers’ development. Fall of tariffs for electric power is possible due to consumers’ development, but without any damage to them, as well as increase in energy supply reliability and current energetic system figures, and prospectively – even its integration with renewable sources with minimal expenses. For university teachers, researchers, consultants and experts in the energy sector, graduate students and undergraduates.

The Public Policy of Developing Electric Power Industry in the Far East in the 1950s – mid 1960s: Conditions and Features of Realization

2021 ◽  
Vol 20 (8) ◽  
pp. 73-86
Author(s):  
Aleksey V. Maklyukov
Keyword(s):  
Public Policy ◽  
Electric Power ◽  
Thermal Power ◽  
Far East ◽  
Electric Power Industry ◽  
Power Industry ◽  
Soviet Government ◽  
The Public ◽  
The Far East ◽  
The 1950S

The article examines the merits and demerits of the policy of Soviet government in the field of regional electric power industry, in particular the energy projects in the Far East region. It aims to analyze the conditions and features of the implementation of the public policy of the USSR intended to develop the electric power industry of the Far East in the 1950s – mid-1960s; to identify the main trends and contradictions in interaction between central and local authorities dedicated to regional electrification. The research is based on the traditional historical methods, as well as on the state-centered and regional approaches. It is shown that the electric power industry in the Far East has been developing in conditions of limited resources and lack of mutual understanding between the center and the region in solving towards the problems of the industry. The public policy for the development of the Far Eastern electric power industry was based on the idea of a quick and cheaper construction of thermal power plants. The author comes to the conclusion that this policy led to various consequences, including technical lag in the electric power industry and the pace of electrification, an increase in the shortage of electricity and, in general, a slowdown in the socio-economic development of the region.

scholarly journals Challenges and Tasks of the Legal Regulation of Electric Power and Capacity Trading in the Wholesale Market

2020 ◽  
Vol 3 ◽  
pp. 97-102
Author(s):  
Nadezhda V. Koropets ◽  
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Legal Regulation ◽  
Power Industry ◽  
Bankruptcy Law ◽  
Bad Faith ◽  
Federal Law ◽  
Wholesale Market ◽  
Capacity Market ◽  
Market Player

The legal regulation of trading in the wholesale electric power and capacity market is based on the Law on the Electric Power Industry and the Wholesale Electric Power and Capacity Market Regulations. The peculiarities of legal regulation established by the Federal Law “On Insolvency (Bankruptcy)” should also be considered. As of March 17, 2020, the List of Wholesale Market Actors Undergoing Bankruptcy Proceedings included 40 companies. Poor payment behavior in the wholesale electric power and capacity market is one of the main issues. Failure to pay does not only affect the settlement status in the market, but also leads directly to an unscrupulous market player being declared insolvent. In this case, the existing legal regulation does not guarantee protection against wholesale electric power and capacity market transactions being disputed unreasonably. It seems that the best way to prevent transactions from being disputed in bad faith is to amend the current revision of Article 61.4 of the Bankruptcy Law by adding provisions stating in which cases transactions required by the wholesale electric power and capacity market rules cannot be disputed.

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