Abstract
The aim of the study is to analyze the youngest in the world competitive market of electric energy and power of Russia. The hypothesis that there is a significant time lag between the launch date regulated competitive energy market and the actual state of its transition to a stationary operation. To test the hypothesis covered the electric energy consumer’s reaction on tariffs changes in the UES of the Ural in the period of time after restructuring RJSC “UES of Russian Federation”. Factual data of UES of Russia’s System operator shows how indicator values of electric energy consumption elasticity changes: consuming turns from elastic to inelastic according to price. Proved that in 2014 the energy demand matches to a competitive market. As a methodical research tool used 5 types of regression analysis equations for time series of electricity consumption, in addiction by the rate of the day-ahead market for 2009-2014. The research found that the transition to a competitive market of electricity production in Russia in fact was didn’t carried out in 2008, but was carried in 2014. Research proved that the electricity market regression analysis applied in predicting short periods of time (day-ahead market), because by increasing the time interval of forecasting accuracy of the forecast is decreases. The research results have great practical significance for the power industry subjects, especially those with high energy intensity of production, as the increase in the accuracy of forecasting reduces fines and total costs for electricity.
Highlights
Electric energy is one of the most important products of intrabrach consumption and constitutes the considerable share of the expenditures practically in all branches of economy
1) The research was based on the data of 2009-2014 years on prices and amounts of electric Energy consumption in CPS of the Ural region, acquired from official cite of System Operator of United Power System of Russia
3) On the basis of these models predicted values of consumption amounts were calculated for all January and only 1 January of the year, following the researched one
Summary
Electric energy is one of the most important products of intrabrach consumption and constitutes the considerable share of the expenditures practically in all branches of economy. As the electrical energy industry is the leading infrastructure branch, it is noncontestantly defines the limitation of economy’s development. This calls for outrunning growth of generating capacities as well as deep changes in qualitative characteristics. Electric energy deficiency in some regions (and even in the whole country) inevitably leads to restriction of economic growth [1]. The Russian wholesale electricity market is the youngest and least explored in the world
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
