Legal Regulation of Competition at Electricity Retail Markets

2019 ◽  
pp. 135-140 ◽  
Author(s):  
Alexei Barkov ◽  
Eugene Vengerovskiy ◽  
Natalia Zalyubovskaya
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Electric Energy ◽  
Electric Power Industry ◽  
Legal Regulation ◽  
Social Significance ◽  
Wide Range ◽  
Competitive Relations ◽  
National Competition ◽  
Business Entities

The article considers some features of the competitive relation formation in the electric power industry, a major economy sector. In particular, the paper analyzes the electricity retail market operation and the need for competition promotion, it is associated there with a wide range of consumers, which adds high social significance to the effective operation of relations emerging in this area. The author concludes that the retail electricity market needs to increase private funds and decrease state participation, which will contribute to a wider range of service consumers. The article considers some special aspects on how to ensure the dominant position of power supply companies, as well as defines main barriers for business entities to enter retail electricity markets. It also reviews the best foreign practices that regulate energy retail companies (by the example of the Nordic countries) and offers some options of legal receptions in this area. Moreover, it analyzes the Russian legislation novelties in the field of competition at the electricity markets, in particular, the tariff regulation of electricity distributors by the method of reference costs. Also, the article specifies some proposals on how to improve the legislation that regulates competitive relations at the electric energy market within the National Competition Development Plan.

scholarly journals On Distributional Effects in Local Electricity Market Designs—Evidence from a German Case Study

Energies ◽  
2020 ◽  
Vol 13 (8) ◽  
pp. 1993 ◽  
Author(s):  
Alexandra Lüth ◽  
Jens Weibezahn ◽  
Jan Martin Zepter
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
User Participation ◽  
German Market ◽  
Distributional Effects ◽  
National Regulation ◽  
Economic Framework ◽  
Wide Range ◽  
The One ◽  
Energy Community

The European Commission’s call for energy communities has motivated academia to focus research on design and trading concepts of local electricity markets. The literature provides a wide range of conceptual ideas and analyses on the technical and economic framework of single market features such as peer-to-peer trading. The feasible, system-wide integration of energy communities into existing market structures requires, however, a set of legal adjustments to national regulation. In this paper, we test the implications of recently proposed market designs under the current rules in the context of the German market. The analysis is facilitated by a simplistic equilibrium model representing heterogeneous market participants in an energy community with their respective objectives. We find that, on the one hand, these proposed designs are financially unattractive to prosumers and consumers under the current regulatory framework. On the other hand, they even cause distributional effects within the community when local trade and self-consumption are exempt from taxes. To this end, we introduce a novel market design—Tech4all—that counterbalances these effects. With only few legal amendments, it allows for ownership and participation of renewable technologies for all community members independent of their property structure and affluence. Our presented analysis shows that this design has the potential to mitigate both distributional effects and the avoidance of system service charges, while simultaneously increasing end-user participation.

scholarly journals Problems of small business in Ukraine and ways for their overcoming

2021 ◽  
Vol 71 (4) ◽  
pp. 69-76
Author(s):  
A. Chushak-Holoborodko ◽  
P. Horyslavets ◽  
O. Poburko ◽  
S. Shramko
Keyword(s):  
Law Enforcement ◽  
Small Business ◽  
Small Businesses ◽  
Bank Lending ◽  
Legal Regulation ◽  
The State ◽  
Normal Operation ◽  
Law Enforcement Agencies ◽  
Wide Range ◽  
Business Entities

The essence of small business and the criteria for enrollment of business entities to small enterprises and micro-enterprises, both according to the approach of domestic legislation and European standards are investigated in this paper The place of small business in the state economy and its role in its development is studied. Factors that shape the environment for small business in Ukraine and hinder its effective functioning are formulated. In particular, the legal capacity of small businesses and the biased attitude of law enforcement agencies towards small businesses permanently put pressure on small businesses and complicate the process of their activities. A wide range of inhibitory factors and factors faced by small business in Ukraine are analyzed and studied. The key areas that are most urgently in need of reform are identified, and their detailed and in-depth analysis is carried out. As the result, a list of small business problems in Ukraine is formed and grouped. Obstacles on the part of the tax system include refusal to register tax invoices for unknown reasons, delays in unblocking tax invoices and registration of invoices by tax authorities, as well as unfounded grounds on which taxpayers are included in risky and lack of clear instructions for exclusion from the list of risky. On the part of law enforcement agencies – unfounded criminal proceedings, slowing down the process of returning business entities to normal operation. On the part of labor relations are the complexity and inflexibility of the interaction between employee and employer and the procedure for dismissal of employees; conducting by the employer of documentary administration of labor in paper form; significant dispersion of legal regulation of labor inspections. In terms of availability of funding are non-compliance with the requirements of bank lending and lack of information about international programs, grants and donor funding with the participation of European organizations, as well as government programs to support business. Based on the outlined problems, a number of ways to overcome them, which will bring small business in Ukraine to a new level and strengthen the economic position of the state are formed.

scholarly journals Load Forecasting for a Campus University Using Ensemble Methods Based on Regression Trees

Energies ◽  
2018 ◽  
Vol 11 (8) ◽  
pp. 2038 ◽  
Author(s):  
María Ruiz-Abellón ◽  
Antonio Gabaldón ◽  
Antonio Guillamón
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Load Forecasting ◽  
Electricity Consumption ◽  
Ensemble Methods ◽  
Regression Trees ◽  
Supervised Machine Learning ◽  
Smart Meters ◽  
Wide Range ◽  
Objective Being

Load forecasting models are of great importance in Electricity Markets and a wide range of techniques have been developed according to the objective being pursued. The increase of smart meters in different sectors (residential, commercial, universities, etc.) allows accessing the electricity consumption nearly in real time and provides those customers with large datasets that contain valuable information. In this context, supervised machine learning methods play an essential role. The purpose of the present study is to evaluate the effectiveness of using ensemble methods based on regression trees in short-term load forecasting. To illustrate this task, four methods (bagging, random forest, conditional forest, and boosting) are applied to historical load data of a campus university in Cartagena (Spain). In addition to temperature, calendar variables as well as different types of special days are considered as predictors to improve the predictions. Finally, a real application to the Spanish Electricity Market is developed: 48-h-ahead predictions are used to evaluate the economical savings that the consumer (the campus university) can obtain through the participation as a direct market consumer instead of purchasing the electricity from a retailer.

scholarly journals Re-dispatch and Application of FACTs for Transactions Allocation in Deregulated Electricity Markets

2021 ◽  
Vol 15 ◽  
pp. 270-275
Author(s):  
Archana Jaisingpure ◽  
V. K. Chandrakar ◽  
R. M. Mohril
Keyword(s):  
Electricity Markets ◽  
Transmission Lines ◽  
Electricity Market ◽  
Power Flow ◽  
Optimal Power Flow ◽  
Cost Allocation ◽  
Electric Energy ◽  
Transmission Cost ◽  
Current Scenario ◽  
Transmission Price

In the current scenario, transmission cost allocation is one of the significant difficulties arises due to the expansion in power exchanges in transmission open access looked by electric energy area. The proposed method calculates transmission cost allocation by considering bilateral & multilateral transactions. The transmission cost allocation approach in the proposed method derives from equivalent bilateral which states that a small amount of every generator provides with each request in consistently and separated manner. The influence of power flow in network via all lines due to a transaction is measured by power flow solution. This paper discusses the congestion problem in the deregulated electricity market using an optimal power flow (OPF). The transmission lines are uncongested using re-dispatch method and then taxes are calculated for the establishment of the flexible A.C. transmission systems (FACTS) devices in the transmission network to reduce taxes. The excellent location of FACTS device can be identified by the bus on which highest T. The result indicates that the combination of TCSC and SVC incredibly discount the measure of re-dispatched power which provides optimal operating point nearer to the market settlement. Hence, TCSC and SVC gives convenient option to block the execution of transmission estimation utilizing approaches and calculate the transmission price.

scholarly journals Use of Blockchain Technology in Energy Banking and Electricity Markets

2021 ◽  
Vol 2 (3) ◽  
pp. 179-186
Author(s):  
S. K. Jain ◽  
Paresh Khandelwal ◽  
P. K. Agarwal
Keyword(s):  
Real Time ◽  
Electricity Markets ◽  
Electricity Market ◽  
Electric Energy ◽  
Third Party ◽  
Over The Counter ◽  
Market Participants ◽  
Blockchain Technology ◽  
Power Exchange ◽  
The Cost

The power system reforms worldwide have commoditized electric energy and thus the electricity market has been developed. With this, trading of electric energy takes place in various time-domain like the day ahead, real-time, etc. These transactions take place through over the counter (OTC) or Power Exchange (Px) which provide to the market participants the required platform and payment security. The transactions on OTC and Px requires a third-party platform and guarantee for contract & settlement, there incurs overhead cost. Since electric energy is a fungible commodity, it can be transacted very well with the old system like barter. Energy Banking is one such mechanism wherein one utility supplies the energy to another utility that need it more and in leisure, the energy can then be provided back. The requisite security of the transactions can be provided by blockchain technology. Energy banking is presently being done only on MW quantum basis with no price tag despite the cost being dependent on the demand-supply ratio. To ensure energy banking transactions in real-time and free from the perils of financial settlements, this article suggests the use of the Peer-to-Peer (P2P) model of blockchain technology for executing Smart Contracts mutually agreed upon by both parties and avoiding third parties overhead costs. Doi: 10.28991/HIJ-2021-02-03-03 Full Text: PDF

ECONOMIC BEHAVIOR OF CONSUMERS UNDER CONDITIONS OF CONTEMPORARY CHALLENGES IN THE POST-REFORM PERIOD OF DEVELOPMENT OF THE ELECTRIC POWER INDUSTRY IN RUSSIA

2020 ◽  
Vol 1 (11) ◽  
pp. 33-45
Author(s):  
S. Ya. CHERNAVSKII ◽  
◽  
N. R. KHACHATURYAN ◽  
Keyword(s):  
Electric Power ◽  
Electricity Markets ◽  
Electricity Market ◽  
Power Plants ◽  
Fossil Fuels ◽  
Electric Power Industry ◽  
Power Industry ◽  
Economic Behavior ◽  
Negative Consequences ◽  
New Phenomena

The article examines the consequences of the reform of the Russian electric power industry, which resulted in the formation and operation of: wholesale electricity markets in the European part of the country, including the Urals, and in Western Siberia; the system of state-owned companies transporting electricity; and the aggregate of market platforms for the retail electricity market. New phenomena are analyzed, in particular: the emergence of vertically integrated companies coordinating the production and combustion of fossil fuels in power plants; the emergence of competition in the heat market from the side of heat generating plants, which led to financial losses for the existing CHP plants that are part of heat generating companies - participants in the wholesale electricity market; the withdrawal of some heat consumers from the market and the construction of their own heat generating plants; failure to create a competitive retail electricity market. Measures are proposed to prevent the negative consequences of the detected phenomena.

scholarly journals Controversial Results of the Reform of the Russian Electric Power Industry in 1986–2008

2021 ◽  
pp. 109-120
Author(s):  
Sergey Ya. Chernavskii
Keyword(s):  
Electric Power ◽  
Electricity Markets ◽  
Electricity Market ◽  
Economies Of Scale ◽  
Electric Power Industry ◽  
Power Industry ◽  
Key Issues ◽  
Wholesale Electricity Market ◽  
Reform Model ◽  
The Cost

The article discusses the ambiguous results of the reform of the Russian electric power industry. Some of the intended goals of the reform have been achieved, while others have not yet been achieved, and the reform should be continued. Although more than 13 years have passed since the final stage of the reform, there is no agreement in the literature on many key issues characterizing the reform: an explanation of the reasons and factors that influenced the decision to reform the Russian electric power industry, the goals of the reform, the type of the reform model, the validity of its adaptation to the real Russian conditions and institutions that had developed by the beginning of the reform, the results of the reform and their value for society. It was found that contradictory results of the reform are caused by both objective and subjective factors. Along with obvious successes (e.g., denationalization of the industry) and obvious failures (including failure to create retail electricity markets) many results (elimination of vertical integration, level of competition on wholesale electricity markets, etc.) are not observable and have not received a clear and unambiguous assessment of their usefulness to society. Studies using modern economic theory and economic-mathematical modeling were required. No statistically significant economies of scale in electricity generation have been found in large companies generating electricity. Thus, the use of competition as a mechanism to coordinate the interests of society, producers and consumers of electricity and the creation of a wholesale electricity market is scientifically justified. Unification of small producers for their withdrawal to the wholesale electricity market should be accompanied by an economic analysis of the cost function of the united company. It is shown that in the short term the wholesale electricity market created in the first and second price zones is close to competitive, but in the long term there is a threat: this market may become uncompetitive.

scholarly journals Issues on the Definition of Administrative-Legal System of Principles for Regulation of Natural Monopoly Subjects’ Activities in the Sector of Electric Power Engineering in Ukraine

2020 ◽  
Vol 2 ◽  
pp. 11-21
Author(s):  
Anna Viktorivna Berlach
Keyword(s):  
Electric Power ◽  
Electricity Market ◽  
Legal Status ◽  
Electric Energy ◽  
Legal Regulation ◽  
Natural Monopoly ◽  
Electricity Sector ◽  
Power Engineering ◽  
Negative Consequences ◽  
Electric Power Engineering

The article deals with the analysis of modern scientific views on determining the content of the principles for legal regulation development. In particular, the author investigates issues of administrative and legal regulation of natural monopoly entities activity in the field of electric power engineering in Ukraine. Ths way of author’s approach can be explained by the peculiarities of relations in the sector of electric energy production in Ukraine. These peculiarities include: the necessity to regulate competition on electricity market, prevention of corruption and other negative consequences of the monopoly, as well as the increasing of investment attractiveness in the electric power sector. Th author shows that the relevance of this research is determined by the dynamic development of legislation within this industry along with conditions of legal relations in the field of electricity, in particular, the launch of new entities into the electricity market. There it is shown that the current legislation of Ukraine defines the relevant standards of functioning of the electricity market, concerning general approaches to the content of state policy in this sector of economy. At the same time, it was emphasized that the system of principles for administrative and legal regulation of the subjects of natural monopolies activity in the field of electricity is subject to further investigation. The content of sectoral legislation governing the electricity sector and anti-monopoly one that defines the legal status of natural monopoly entities are analyzed in detail. It is shown that at present time the authorities that are to legislate these principles have established them just in some certain areas of administrative and legal regulation in this field without proper systematic and scientifically grounded approach. According to the author’s idea, such a situation may complicate the law enforcement practice, since the question of the application of a particular system of principles remains dim. Th author has formulated the conclusion on the need for improvement of sectoral legislation, which would ensure balance of interests between manufacturers and consumers of electricity, taking into account the whole economic system of the country.

scholarly journals On the Remuneration to Electrical Utilities and Budgetary Allocation for Substation Maintenance Management

2021 ◽  
Vol 13 (18) ◽  
pp. 10125
Author(s):  
Pedro J. Zarco-Periñán ◽  
José L. Martínez-Ramos ◽  
Fco. Javier Zarco-Soto
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Common Element ◽  
Similar Distribution ◽  
Wide Range ◽  
Useful Life ◽  
Definition Of ◽  
Electrical Utilities ◽  
Budgetary Allocation

The liberalization of electricity markets has produced a great change in electrical utilities. One of these changes has affected the methodology for setting their remuneration. Depending on the country, these are different. Despite the wide range of remuneration methodologies for the electricity market of each country, they all feature one common element: the remuneration of operation and maintenance. One of the messages that this remuneration transmits is the need to extend the useful life of the facilities to allow sustainable development. This article focuses on the remuneration schemes of electrical utilities, the classification of substations for the definition of their maintenance programs, and the budget allocation for the execution of maintenance in these critical infrastructures. The particularity of these facilities, in which it is generally necessary to de-energize some of their parts for maintenance, has also been taken into account. To this end, a simple methodology currently used is presented based on the standardization of the bays of the substations and their classification into levels of importance. This classification into levels enables the facilities to be grouped according to similarities in their maintenance plans, although they differ from each other in terms of the periodicity of the application of maintenance procedures. This methodology guarantees a similar distribution of maintenance activities and financial needs over the years. In addition, the methodology allows one to know the importance of each substation (since the greater the equivalent weight, the greater the importance). Finally, the application of the proposed methodology in a real case is presented. It shows the simplicity, effectiveness, and lamination of the budgetary allocation of the proposed methodology, this being the main contribution of the formulation.

scholarly journals Obstacles to the formation of a common electricity market of the Eurasian Economic Union

2019 ◽  
Vol 114 ◽  
pp. 02002 ◽  
Author(s):  
Arthur Gibadullin ◽  
Valentina Pulyaeva
Keyword(s):  
Power Systems ◽  
Electricity Markets ◽  
Electricity Market ◽  
Electrical Energy ◽  
Legal Regulation ◽  
Member States ◽  
Eurasian Economic Union ◽  
The Common ◽  
Economic Union ◽  
The Creation

The current state of the economy and society is influenced by the global integration processes taking place in Eurasia - the creation of the Eurasian Economic Union, which should unite the markets for resources, goods and capital of the member states of the Eurasian Economic Union. One of the aspects of this process is the creation of a unified electricity market, which ensures free flow of electrical energy, free pricing and competition in the power industry. The purpose of this study is to study the degree of readiness of national energy systems for integration and to identify problems that impede the formation of the Common Electricity Market of the Eurasian Economic Union. The methods used were statistical analysis tools, a graphical method, comparisons and descriptions. The study was carried out on the basis of the use of information provided in the open access of the Eurasian Economic Union, national statistical services and energy companies. The authors have identified the main goals and objectives, as well as the requirements and expected results of the creation of the Common Electricity Market. As a result of the analysis of national power systems, a number of problems were identified that impede their convergence, including inconsistencies in the scale of production, various pricing mechanisms and electricity price regulation, differences in the energy balance of the Eurasian Economic Union member states, different levels of electricity prices, and a particular opinion Of the Republic of Belarus to the concept of market formation and the lack of unified borders of Armenia with other participating countries Union. The findings of the study indicate that by the stated date, namely July 1, 2019, the Common Electricity Market will most likely not be created for the reasons stated. To solve the identified problems, the authors propose several tools, one of the most important among them is the mechanism of regulatory and legal regulation of electricity markets at the national and supranational levels. Also, according to the authors, in the integration processes in the framework of the Eurasian Economic Union should consider the world experience of such political and economic associations.

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