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.

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 Qualimetric approach to solving the problems of innovative development of Russian power industry

2019 ◽  
Vol 124 ◽  
pp. 04012
Author(s):  
J. V. Torkunova ◽  
M. N. Habrieva ◽  
A. R. Birialtceva ◽  
B. K. Shapkenov
Keyword(s):  
Electric Power ◽  
Russian Federation ◽  
Electric Power Industry ◽  
Power Industry ◽  
Innovative Development ◽  
Federal Law ◽  
Electricity Prices ◽  
Index Method ◽  
Production And Consumption ◽  
The Russian Federation

The article discusses selected issues of the development of the power industry in Russia. The relevance of the development is related to the development of the electric power industry, meets the Federal Law of the Russian Federation No. 399 “On Amendments to the Federal Law “On Energy Saving and Improving Energy Efficiency...” dated 12/28/2013. The article used statistical methods, the method of averages, the index method ; analyzed trends in the production and consumption of electricity in the Russian Federation; Cause-and-effect relationships between production, consumption, and rising electricity prices have been identified; developed criteria for evaluating the effectiveness of measures to implement the program for the development of the power industry proposed the author’s approach to calculating the degree of effectiveness of the measures taken to ensure the implementation of the program; justified the conclusion about the need to create an institutional system as a mechanism for the innovative development of the electric power industry.

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.

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.

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