Home  Journals  Regional Economics: Theory and Practice  12(519) - 2023 December

Specifics of strategic pricing in the current electricity market (energy supply companies)

Received: 24 October 2023

Received in revised form: 13 November 2023

Accepted: 28 November 2023

Available online: 15 December 2023

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: Q41, Q43, Q48

Pages: 2223–2242

https://doi.org/10.24891/re.21.12.2223

Subject. This article discusses the principles of functioning of the wholesale and retail electricity markets in Russia.
Objectives. The article aims to study the basic principles of pricing, improvement of the applied methods of electricity pricing in the wholesale and retail markets.
Methods. For the study, we used the methods of comparative and systems analyses.
Results. The article finds that price positions are closely related to the volume of demand, as well as to the effective use of the installed capacity of generating companies.
Conclusions. The results of the study can be used in the practical activities of power supply companies.

Keywords: pricing, electricity price, capacity price, day?ahead market, balancing market, strategy

References:

1. Kleiner G.B., Tambovtsev V.L., Kachalov R.M. Predpriyatie v nestabil'noi ekonomicheskoi srede: riski, strategii, bezopasnost' [Enterprise in an unstable economic environment: risks, strategies, security]. Moscow, Ekonomika Publ., 1997, 286 p.
2. Bushuev S.A., Vinogradov K.A., Vinogradov P.K. et al. Sovremennaya rynochnaya elektroenergetika Rossiiskoi Federatsii [Modern Market electric power industry of the Russian Federation]. Moscow, Sovet rynka Publ., 2017, 530 p.
3. Dronova Yu.V., Krasnova O.A. [A new model of the retail electricity market: implications for the regional economy]. Vestnik Permskogo natsional'nogo issledovatel'skogo politekhnicheskogo universiteta. Elektrotekhnika, informatsionnye tekhnologii, sistemy upravleniya = PNRPU Bulletin. Electrotechnics, Informational Technologies, Control Systems, 2017, no. 24, pp. 63–78. URL: Link (In Russ.)
4. Rogalev N.D., Amelina A.Yu. [The strategy for selling electricity to a generating company on the day-ahead market]. Nadezhnost' i bezopasnost' energetiki = Safety and Reliability of Power Industry, 2013, no. 2, pp. 16–20. URL: Link (In Russ.)
5. Murgas R. [Russia-EU relations in the energy sphere after the Energy Union Strategy presentation]. Mirovaya politika, 2018, no. 4. (In Russ.) URL: Link
6. Kakhalnikov M.V., Suhareva E.V., Rogalev N.D. [Modern structure electric power market of Russia]. Ekonomicheskie nauki = Economic Sciences, 2018, no. 10, pp. 50–53. (In Russ.) URL: Link
7. Sungatullina L.B., Islamova L.Kh. [Peculiarities of pricing in the electricity market]. Nauchnye trudy Tsentra perspektivnykh ekonomicheskikh issledovanii Akademii nauk Respubliki Tatarstan, 2022, no. 23, pp. 87–94. (In Russ.)
8. Sungatullina L.B., Islamova L.Kh. [Historical background and modern trends in the development of strategic pricing]. Kazanskii ekonomicheskii vestnik = Kazan Economic Vestnik, 2022, no. 6, pp. 5–16. (In Russ.)
9. Samochadin A.M., Pykhteev Yu.N. [On the institutional causes of x-inefficiency of Russian electric power industry]. Vestnik Nizhegorodskogo universiteta im. N.I. Lobachevskogo. Seriya: Sotsial'nye nauki = Vestnik of Lobachevsky State University of Nizhny Novgorod. Series: Social Sciences, 2015, no. 1, pp. 65–72. URL: Link (In Russ.)
10. Korolev V.G. [Modern features and state of the Russian electric power industry]. Innovatsii i investitsii = Innovation & Investment, 2020, no. 10, pp. 215–219. URL: Link (In Russ.)
11. Vasin S.G., Kirillova O.Yu., Mikhnenko V.A. [Antitrust regulation of prices in the wholesale and retail electricity markets]. Vestnik MIRBIS, 2020, no. 2, pp. 57–63. (In Russ.) URL: Link

View all articles of issue

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 8 August 2024

Archive