Improving the Investment Policy of the Energy Market

Abstract

The reform of the electric power industry and the development of market relations are inevitably accompanied by revision of rules for the operation of power systems and stricter requirements for their constituent operating facilities. At the same time, the approaches to industry funding are changing, as to ensure reliable and secure power supply to consumers due to liberalization of the wholesale power and capacity market as well as the retail power market, and also due to consolidation of the country’s power network complex. In accordance with the current Energy Strategy for the period until 2030, it is assumed to improve the forms and mechanisms of state participation in financing the investment projects in the electric power industry in order to ensure their sufficient investment attractiveness. In this connection, the mechanism of public-private partnership (hereinafter - PPP) seems perspective in financing a strategically important industry of the country and managing the funds of economic entities in terms of creating financial investment tools when using the PPP mechanism, particularly, identifying the potential financial instruments for each of the PPP participants, their ranking in terms of risk-profitability ratio, and revealing the sectoral features of using the PPP models and financial tools.