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.

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 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.

Integral Models of Developing Electric Power Systems

2013 ◽  
Vol 2 (4) ◽  
pp. 44-58 ◽  
Author(s):  
E. V. Markova ◽  
I. V. Sidler ◽  
V. V. Trufanov
Keyword(s):  
Power Systems ◽  
Power System ◽  
Electric Power ◽  
System Development ◽  
Electric Power Industry ◽  
Electric Power System ◽  
Integral Model ◽  
Volterra Equations ◽  
Prony Method ◽  
Optimal Service

The first part of the paper is devoted to the problem of optimal control in the area of electric power industry which is described on the basis of a one-sector variant of Glushkov integral model of developing systems. The authors consider the ways uncertain conditions of future electric power system development influence the optimal service life. The results of calculations for the Unified Electric Power System of Russia are presented and analyzed. The second part of the paper deals with the application of Prony method to identification of the Volterra equations in the two-sector models of developing systems. The authors suggest a numerical method for identifying the efficiency function parameters. An illustrative example is given.

scholarly journals Cross-subsidization in the electric power industry: an empirical analysis, an assessment of the efficiency of its own generation

2017 ◽  
pp. 70-77
Author(s):  
I. Zolotova
Keyword(s):  
Power System ◽  
Electric Power ◽  
Public Space ◽  
Electric Power Industry ◽  
Market Participants ◽  
Current State ◽  
Science And Government ◽  
History Of ◽  
Cross Subsidization ◽  
Conditions Of Work

It is necessary to understand what cross-subsidization is - good or bad, evil or good, a problem that needs to be solved, or a necessity that should exist now. In my report, I will talk about the essence and history of the emergence of the phenomenon of cross-subsidization, I will describe the current state in order to understand where we are now, and the promising trends of this phenomenon that exist in public space, legislation, the heads and minds of science and government. I will also present a model for assessing the functioning of a consumer under conditions of work in the power system and in the case of his transition to its own generation with different amounts of cross-subsidization, I will dwell on the results of the simulation. The generated model is a toolkit for market participants that will help them choose the most profitable and efficient way of supplying energy.

scholarly journals Reserves of Generating Capacity for Perspective Planning of Development of the Unified Energy System of Russia

2020 ◽  
Vol 209 ◽  
pp. 06015
Author(s):  
Dmitry Krupenev ◽  
Denis Boyarkin ◽  
Dmitrii Iakubovskii ◽  
Gennady Kovalev ◽  
Ludmila Lebedeva
Keyword(s):  
Power Systems ◽  
Power System ◽  
Electric Power ◽  
Electric Power Industry ◽  
Energy System ◽  
Power Industry ◽  
Generating Capacity ◽  
Perspective Planning

Determination of reserves of generating capacity is one of the main tasks in planning the future development of electric power systems. There are many problems that affect the rational level of redundancy of generating capacities in Russian power industry. Modern changes in the Russian electric power industry concerning the level of redundancy of generating capacity in the long-term planning of the development of the Unified Power System (UPS) of Russia are analyzed in the article. The optimization problem of determining the necessary reserves of generating capacity in the power system, based on the assessment of adequacy, taking into account the modern features of the development of the UPS of Russia is presented. The results of assessing the adequacy of the UPS of Russia at the level of 2022 and the value of the optimized reserves of generating capacity in the UPS of Russia are showed in the final part.

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.

Antimonopoly Compliance in the Energy Sector

2021 ◽  
pp. 82-87
Author(s):  
V. V. Gromov
Keyword(s):  
Electric Power ◽  
Main Idea ◽  
Electric Power Industry ◽  
Power Industry ◽  
Corporate Ethics ◽  
Market Participants ◽  
Russian Economy ◽  
Antitrust Legislation ◽  
Energy Companies ◽  
Competitive Actions

The purpose of the article is to identify and clarify the main features of the functioning and implementation of the antimonopoly compliance system at electric power enterprises. The main idea of the article is to use various methods (analysis, induction, etc.) to conduct a study of changes in domestic legislation that relate to the legislative consolidation of the antimonopoly compliance system. Based on statistical data and data from scientific sources, we can identify the main areas of activity of energy companies, where violations of antitrust legislation are most common, which will be identified and prevented by the antitrust compliance system. The scientific novelty of this article is confirmed by the almost absent publications of other authors, which study the effectiveness of the antimonopoly compliance system in the field of electric power industry. The author comes to the conclusion that the antitrust compliance system is an effective mechanism that allows identifying antitrust risks both inside the company and outside it. An increase in the number of companies that have antitrust compliance services will reduce the number of illegal violations by unscrupulous market participants, while these circumstances affect not only the electric power industry, but also other areas of the Russian economy. According to the author, the implementation of antitrust compliance will help to: l) reduce the number of offences committed by companies; 2) to prevent the actions of employees, which may in its work, to violate the antitrust laws; 3) to reduce the number of anti-competitive actions. Availability of antitrust compliance within the company promotes as corporate ethics, and the adoption by the staff of the values of the organization.

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