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Russian electric power industry has been moving towards deregulation of electricity generation and sale since 2003. Eight years of the Russian electric power industry restructuring and some years of electricity market functioning provide some statistical information. Price trends are among the most important to estimate what restructuring decisions are a success and what regulation needs further development.
Deregulation is, restructuring the rules and economic incentives that the government setup to control and drive the Electric Supply Industry (ESI). It is also called as open power market, competitive power market, vertically unbundled market etc. With the introduction of deregulation, the electric power industry needs changes in various power system operation, control and planning activities. In this...
The electric power industry in many countries all around the world is evolving into an era of market economy with deregulation and free competition. The understanding of electric power supply as a public service is being replaced by the notion that a competitive market is a more appropriate mechanism to supply energy to consumers with high reliability and low cost. A key element of the electricity...
The operational efficiency of electric power industry must be evaluated under the reform oriented to market. Considering the characteristics of electricity market, the limitations of traditional efficiency evaluation approaches were pointed out. A new concept of coordinated territory that constituted by some key indices which reflect the conditions of the market was put forward. The way of how to...
This Information asymmetry of capital market can cause accounting information distortion and mislead the performance evaluation of listed companies. We addressed the definition of earnings quality and proposed the evaluation method and key techniques of its four dimensions: authenticity, stability, risk, and Sustainability. With many evaluation techniques and on the basis of FAHP method, we developed...
The whole electric power system includes four aspects: generation, transmission, distribution and electricity users. Those four aspects all need maintenance to enhance system reliability and energy efficiency. Under deregulated electricity market, generating unit maintenance scheduling arrangements are very different with the traditional electric power system. In the tradition electric power industry,...
Open, justice & equity, the primary schedule mode of electric power system in China, has stimulated the development of electric power industry. However, it can't meet the low carbon and low sulfur dioxide producing demand for sustainable economy development. Energy saving schedule and electricity market already turn into the option of electricity schedule mode reformation. This paper introduced...
With the recent trend towards deregulating power systems around the world, transfer capability computation emerges as the key issue to a smoothly running power market with multiple transactions. A key concept in the restructuring of the electric power industry is the ability to accurately and rapidly quantify the capabilities of the transmission system. Total Transfer Capability (TTC) is defined as...
In China, the work of large consumers direct-purchasing undertakes the tasks of optimizing the allocation of electricity resources, speeding up industrial restructuring, enhancing the regional overall economic competitiveness and promoting harmonious and sustainable development of China's economy, environment and electric power industry. Considering the actual status that the total amount opened for...
The electric power industry is experiencing a period of sustained growth to meet the growing energy needs of the planet. Innovations such as deployment of smart grid solutions will facilitate the pending growth of the infrastructure as new facilities are added to the network and embedded with the installed base. Grid intelligence will assist planners and operators deal with the increasing complexity...
With the organizational reform of electric power industry in our country day by day, and the market of generation side gradually maturing, the construction of ancillary services market was brought into schedule. As one of the most important ancillary services, AGC possesses certain competitiveness so far as its own characteristics and supply trend of the electrical network, and marketization is relatively...
The electric power industry in the last decades has evolved from a centralized operational approach to a deregulated one. Many participants and service providers have made up the new structure of the power market where the competition is increasing. As the new deregulating framework is imperfect, it is quite important for the Gencos to develop optimal bidding strategies which are vital to their benefits...
The electric power industry in the U. S. will undergo radical change unlike any it has seen in its history as the renewable portfolio standards [RPS] of over 26 States are implemented during the next decade. The application queues of the largest RTO's in the U.S. are dominated by dispersed, intermittent renewable power generators such as wind and photovoltaics [PV]. Now that over half the States in...
The electric power industry is regarded as the basic industry of national economy, which makes it unable to get rid of the governmentpsilas regulation, as well as its own technology and economic characteristic. After reforming of regulation, government pays a good deal of attention to the performance-base regulation which has been used in telecommunication successfully and can solve the low efficiency...
The emerging trend of restructuring in the electric power industry has spawned a need of changed pricing mechanism, which can provide correct economic incentives and also facilitate the physical operation of the power network. Nodal/locational pricing mechanism in spot power market is an efficient tool for congestion management, as it provides implicit capacity allocation through bids for production/consumption...
The comprehensive evaluation problem of electric power listed corporation has always been a focus since market-oriented reform of the electric power industry, and financial risk evaluation play a key role to science investment decision of electric power listed corporation .This paper presents a new composite forecasting method for financial risk of electric power corporation, modeling and forecasting...
In this paper we introduce a general framework for evaluating the effect of first stage of electric power industry reforms in Korea by measuring and comparing the performance of electric power industry before and after the initiation of reforms. Understanding the effect of the first stage of reform can provide some valuable guidelines to how to implement the reforms. Keep in mind that the CBP market...
For many years, the electric power industry treated electricity as a unique commodity sold to costumers. Nowadays, the new electricity industry has identified several key ancillary services. Under this new scenario, the producer's primary goal is the selection of services in which to participate via assessing the potential profits as part of the decision-making. Purchasing additional information can...
The deregulation of the electric power industry has evolved rapidly and market operators are facing new challenges to resolve issues with system operations and market operations. This paper intends to demonstrate the potential of using intelligent decision support tools to assist market operations. Business rule approach has been selected for system design and development. Domain knowledge of market...
During summer (2000), wholesale electricity prices in California were approximately 500% higher than those during the same months in 1998-1999. The price hike was unexpected by many policy makers and individuals who were involved in the power industry. They have been wondering whether electricity deregulation produces benefits of competition promised to consumers. Unfortunately, no scientific research...
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