The evolution ofRussian power industry from monopoly to market operation
Fetisov, Kirill (2007)
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe20071772
https://urn.fi/URN:NBN:fi-fe20071772
Tiivistelmä
ei Electric power is substantial to modern life. Many countries understood that economic
development depends on efficient and reliable electric power industry operation. Restructuring
of electric power industry offers many significant benefits to the industry itself and, as a
consequence, to the country's economy and citizens. The reform process is characterized by
introducing competitive relationships into the sectors of electricity generation and supply and
redefinition of monopolized sector. Many countries have already completed the process of the
linearization of their electricity markets and now Russia is on its way.
This work describes and analyzes the ongoing restructuring processes of Russian electrical
power industry. The previous industry structure and its operation are also covered by this thesis
as the reasons for the reform are investigated. The work provides an explanation of the main
reform steps and the function of the most important entities of the industry. Electricity market
structure, relationships between the market participants, and their key functions are explained in
this work. The work also discusses the implementation of competition in wholesale electricity
market and the associated governmental regulation regarding the competitive structure creation.
development depends on efficient and reliable electric power industry operation. Restructuring
of electric power industry offers many significant benefits to the industry itself and, as a
consequence, to the country's economy and citizens. The reform process is characterized by
introducing competitive relationships into the sectors of electricity generation and supply and
redefinition of monopolized sector. Many countries have already completed the process of the
linearization of their electricity markets and now Russia is on its way.
This work describes and analyzes the ongoing restructuring processes of Russian electrical
power industry. The previous industry structure and its operation are also covered by this thesis
as the reasons for the reform are investigated. The work provides an explanation of the main
reform steps and the function of the most important entities of the industry. Electricity market
structure, relationships between the market participants, and their key functions are explained in
this work. The work also discusses the implementation of competition in wholesale electricity
market and the associated governmental regulation regarding the competitive structure creation.