The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Mika Goto - One of the best experts on this subject based on the ideXlab platform.
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performance assessment of japanese Electric Power Industry dea measurement with future impreciseness
Energies, 2020Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:This study examines the performance of Japanese Electric Power companies from 2003 to 2020. We use an observed data set from 2003 to 2015 and a forecasted data set from 2016 to 2020. The Japanese deregulation of the Industry needs to be completed by April 2020. As a method, this study uses data envelopment analysis (DEA) environmental assessment, which measures performance from a holistic perspective. This research adds a new analytical capability to the DEA-based assessment by including an analytical ability to handle an “imprecise” data set. We apply the proposed approach to investigate the performance of these companies before and after the disaster of Fukushima Daiichi nuclear Power plant (11 March 2011). All Electric Power companies have suffered from business damage due to the nuclear disaster. The Japanese government has developed a policy scheme on how to recover from the huge handling costs resulting from the disaster. Nuclear energy has been long considered the most useful approach to handle climate change. However, many industrial nations have changed policy direction since the nuclear disaster. The Japanese government allocates the costs to not only Tokyo Electric Power Company, which produced the nuclear disaster, but also the other incumbent Electric Power companies that own nuclear Power plants. Under the current Japanese scheme, financial conditions have been gradually recovering from the damage due to the managerial efforts and by indirectly allocating the expenditure to consumers and tax payers.
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structural reform of japanese Electric Power Industry separation between generation and transmission distribution
Energy Policy, 2013Co-Authors: Mika Goto, Tomohiro Inoue, Toshiyuki SueyoshiAbstract:This study examines the cost structure of Japanese Electric Power Industry to investigate whether a structural reform on the Industry really enhances a cost-saving benefit to consumers. A composite cost function model, using a panel data set, is used for this study. The data set consists of nine Electric Power companies from 1990 to 2008. Based upon the estimation results, this study examines whether economies of scale and vertical economies exist in the Industry. Then, this study conducts a cost subadditivity test that is a necessary condition of natural monopoly. The empirical results indicate that the Electric Power firms exhibit the status of economies of scale in their transmissions and distributions and the operation as a whole. However, they do not exhibit economies of scale in their generations. Thus, the transmission operation, by integration, in a large area can improve its economic efficiency. Furthermore, the Industry should introduce more competition in both generation and wholesale Power markets where more firms can participate in their Power trades. This study also empirically confirms that vertical economies have existed in the Industry. Moreover, this study confirms that all the estimates in the cost subadditivity test satisfy the necessary condition of natural monopoly, where each estimate indicates cost saving in cost subadditivity. The test does not guarantee a sufficient condition of natural monopoly. However, it clearly indicates that the functional separation between generation and transmission will increase total production cost in the Industry. The complete separation may result in a net loss of economic efficiency if a competition benefit does not exceed an expected economic loss. Consequently, this study suggests that the industrial structure of future Japanese Electric Power Industry should be evaluated from not only an expected benefit by introducing competition but also an unbundling cost that occurs with a loss of vertical integration.
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weak and strong disposability vs natural and managerial disposability in dea environmental assessment comparison between japanese Electric Power Industry and manufacturing industries
Energy Economics, 2012Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:The economic concept of weak and strong disposability has long dominated studies on DEA (Data Envelopment Analysis) environmental assessment. This study reviews the two disposability concepts from their conceptual and methodological implications. In particular, this study is interested in the concept of weak disposability because the concept is believed to have an analytical capability to measure an occurrence of “congestion”. The two economic concepts on disposability, accepted by production economists, are replaced by natural and managerial disposability in this study. The natural disposability implies an environmental strategy by which a firm attempts to decrease an input vector to reduce a vector of undesirable outputs. Given the decreased input vector, a firm attempts to increase a vector of desirable outputs as much as possible. This type of strategy indicates negative adaptation. In contrast, the managerial disposability indicates an opposite strategy by increasing the input vector. This disposability expresses an environmental strategy by which a firm considers a regulation change as a new business opportunity. A firm attempts to improve its unified performance by utilizing new clean air technology and/or new management. The strategy indicates positive adaptation. Considering the two groups of disposability, this study compares between weak/strong disposability and natural/managerial disposability in terms of their conceptual and methodological differences, focusing upon the concept of congestion and technology innovation. Furthermore, using the concept of natural and managerial disposability, this study compares Japanese Electric Power firms with manufacturing firms. This study finds that the manufacturing firms outperform the Electric Power firms under natural disposability. An opposite result is found under managerial disposability. This empirical study also finds that the two groups of Japanese firms have attained desirable (good) congestion due to technology innovation. Based upon such empirical results, this study identifies two policy implications. One of the two implications is that the two groups of Japanese industries have attained a high level of technology innovation by a result of environmental regulation. The other is that the Electric Power Industry operates more efficiently to reduce the CO2 emission than the manufacturing industries.
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Efficiency-based rank assessment for Electric Power Industry: A combined use of Data Envelopment Analysis (DEA) and DEA-Discriminant Analysis (DA)
Energy Economics, 2012Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:Abstract This study discusses a combined use of DEA (Data Environment Analysis) and DEA–DA (Discriminant Analysis) to determine the efficiency-based rank of energy firms. This type of performance evaluation is important because we often have a difficulty in accessing a large sample on energy firms to derive reliable empirical results. The proposed approach is useful in dealing with such a limited number of energy firms, often found in previous DEA studies on energy industries in the world. The proposed approach uses DEA to classify energy firms into efficient and inefficient groups based upon their efficiency scores. Then, it utilizes DEA–DA to assess their efficiency scores and ranks. In this stage, we can find an adjusted efficiency score for each energy firm. The proposed approach provides us with the following analytical capabilities, all of which cannot be found in a conventional use of DEA in assessing energy firms. First, the proposed DEA approach can avoid zero in all multipliers on efficient energy firms by incorporating SCSC (Strong Complementary Slackness Condition) so that it can handle an occurrence of multiple reference sets and multiple projections. The DEA result classifies all energy firms into efficient and inefficient groups. Second, DEA–DA, applied to the two groups, evaluates all energy firms by an Industry-wide evaluation, not depending upon a limited number of efficient energy firms in a reference set, as found in a conventional use of DEA. The analytical capability can reduce the number of efficient energy firms. Third, the proposed approach can provide their efficiency-based ranking scores. Finally, we can conduct a rank sum test based upon their ranking scores to obtain a statistical inference. As an application, this study uses the proposed approach to examine the performance of Japanese Electric Power Industry. We find two economic implications. One of the two implications is that no major change has occurred in the operational performance of Japanese Electric Power Industry because of Japanese sluggish economy from 2005 to 2009. The other implication indicates that there are strategic differences in the operation of Japanese Electric Power firms after the liberalization.
Toshiyuki Sueyoshi - One of the best experts on this subject based on the ideXlab platform.
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performance assessment of japanese Electric Power Industry dea measurement with future impreciseness
Energies, 2020Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:This study examines the performance of Japanese Electric Power companies from 2003 to 2020. We use an observed data set from 2003 to 2015 and a forecasted data set from 2016 to 2020. The Japanese deregulation of the Industry needs to be completed by April 2020. As a method, this study uses data envelopment analysis (DEA) environmental assessment, which measures performance from a holistic perspective. This research adds a new analytical capability to the DEA-based assessment by including an analytical ability to handle an “imprecise” data set. We apply the proposed approach to investigate the performance of these companies before and after the disaster of Fukushima Daiichi nuclear Power plant (11 March 2011). All Electric Power companies have suffered from business damage due to the nuclear disaster. The Japanese government has developed a policy scheme on how to recover from the huge handling costs resulting from the disaster. Nuclear energy has been long considered the most useful approach to handle climate change. However, many industrial nations have changed policy direction since the nuclear disaster. The Japanese government allocates the costs to not only Tokyo Electric Power Company, which produced the nuclear disaster, but also the other incumbent Electric Power companies that own nuclear Power plants. Under the current Japanese scheme, financial conditions have been gradually recovering from the damage due to the managerial efforts and by indirectly allocating the expenditure to consumers and tax payers.
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structural reform of japanese Electric Power Industry separation between generation and transmission distribution
Energy Policy, 2013Co-Authors: Mika Goto, Tomohiro Inoue, Toshiyuki SueyoshiAbstract:This study examines the cost structure of Japanese Electric Power Industry to investigate whether a structural reform on the Industry really enhances a cost-saving benefit to consumers. A composite cost function model, using a panel data set, is used for this study. The data set consists of nine Electric Power companies from 1990 to 2008. Based upon the estimation results, this study examines whether economies of scale and vertical economies exist in the Industry. Then, this study conducts a cost subadditivity test that is a necessary condition of natural monopoly. The empirical results indicate that the Electric Power firms exhibit the status of economies of scale in their transmissions and distributions and the operation as a whole. However, they do not exhibit economies of scale in their generations. Thus, the transmission operation, by integration, in a large area can improve its economic efficiency. Furthermore, the Industry should introduce more competition in both generation and wholesale Power markets where more firms can participate in their Power trades. This study also empirically confirms that vertical economies have existed in the Industry. Moreover, this study confirms that all the estimates in the cost subadditivity test satisfy the necessary condition of natural monopoly, where each estimate indicates cost saving in cost subadditivity. The test does not guarantee a sufficient condition of natural monopoly. However, it clearly indicates that the functional separation between generation and transmission will increase total production cost in the Industry. The complete separation may result in a net loss of economic efficiency if a competition benefit does not exceed an expected economic loss. Consequently, this study suggests that the industrial structure of future Japanese Electric Power Industry should be evaluated from not only an expected benefit by introducing competition but also an unbundling cost that occurs with a loss of vertical integration.
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weak and strong disposability vs natural and managerial disposability in dea environmental assessment comparison between japanese Electric Power Industry and manufacturing industries
Energy Economics, 2012Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:The economic concept of weak and strong disposability has long dominated studies on DEA (Data Envelopment Analysis) environmental assessment. This study reviews the two disposability concepts from their conceptual and methodological implications. In particular, this study is interested in the concept of weak disposability because the concept is believed to have an analytical capability to measure an occurrence of “congestion”. The two economic concepts on disposability, accepted by production economists, are replaced by natural and managerial disposability in this study. The natural disposability implies an environmental strategy by which a firm attempts to decrease an input vector to reduce a vector of undesirable outputs. Given the decreased input vector, a firm attempts to increase a vector of desirable outputs as much as possible. This type of strategy indicates negative adaptation. In contrast, the managerial disposability indicates an opposite strategy by increasing the input vector. This disposability expresses an environmental strategy by which a firm considers a regulation change as a new business opportunity. A firm attempts to improve its unified performance by utilizing new clean air technology and/or new management. The strategy indicates positive adaptation. Considering the two groups of disposability, this study compares between weak/strong disposability and natural/managerial disposability in terms of their conceptual and methodological differences, focusing upon the concept of congestion and technology innovation. Furthermore, using the concept of natural and managerial disposability, this study compares Japanese Electric Power firms with manufacturing firms. This study finds that the manufacturing firms outperform the Electric Power firms under natural disposability. An opposite result is found under managerial disposability. This empirical study also finds that the two groups of Japanese firms have attained desirable (good) congestion due to technology innovation. Based upon such empirical results, this study identifies two policy implications. One of the two implications is that the two groups of Japanese industries have attained a high level of technology innovation by a result of environmental regulation. The other is that the Electric Power Industry operates more efficiently to reduce the CO2 emission than the manufacturing industries.
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Efficiency-based rank assessment for Electric Power Industry: A combined use of Data Envelopment Analysis (DEA) and DEA-Discriminant Analysis (DA)
Energy Economics, 2012Co-Authors: Toshiyuki Sueyoshi, Mika GotoAbstract:Abstract This study discusses a combined use of DEA (Data Environment Analysis) and DEA–DA (Discriminant Analysis) to determine the efficiency-based rank of energy firms. This type of performance evaluation is important because we often have a difficulty in accessing a large sample on energy firms to derive reliable empirical results. The proposed approach is useful in dealing with such a limited number of energy firms, often found in previous DEA studies on energy industries in the world. The proposed approach uses DEA to classify energy firms into efficient and inefficient groups based upon their efficiency scores. Then, it utilizes DEA–DA to assess their efficiency scores and ranks. In this stage, we can find an adjusted efficiency score for each energy firm. The proposed approach provides us with the following analytical capabilities, all of which cannot be found in a conventional use of DEA in assessing energy firms. First, the proposed DEA approach can avoid zero in all multipliers on efficient energy firms by incorporating SCSC (Strong Complementary Slackness Condition) so that it can handle an occurrence of multiple reference sets and multiple projections. The DEA result classifies all energy firms into efficient and inefficient groups. Second, DEA–DA, applied to the two groups, evaluates all energy firms by an Industry-wide evaluation, not depending upon a limited number of efficient energy firms in a reference set, as found in a conventional use of DEA. The analytical capability can reduce the number of efficient energy firms. Third, the proposed approach can provide their efficiency-based ranking scores. Finally, we can conduct a rank sum test based upon their ranking scores to obtain a statistical inference. As an application, this study uses the proposed approach to examine the performance of Japanese Electric Power Industry. We find two economic implications. One of the two implications is that no major change has occurred in the operational performance of Japanese Electric Power Industry because of Japanese sluggish economy from 2005 to 2009. The other implication indicates that there are strategic differences in the operation of Japanese Electric Power firms after the liberalization.
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financial ratio analysis of the Electric Power Industry
Asia-Pacific Journal of Operational Research, 2005Co-Authors: Toshiyuki SueyoshiAbstract:Financial Ratio Analysis is newly proposed to examine the financial performance of the American Power/energy Industry. The new approach compares the financial performances of 147 non-default firms with those of 24 default firms in the US Power/energy market. The proposed approach is a new type of nonparametric discriminant analysis that provides a set of weights of a linear discriminant function, consequently yielding an evaluation score for group membership. Such weight estimates, along with an evaluation score, of the discriminant function provide a total financial evaluation measure, based upon which we can determine the financial performance of the Power/energy firms. This empirical study informs that both leverage (debt) and profitability (returns on equity) are important financial factors in terms of avoiding corporate distress or bankruptcy. The empirical results obtained from the American Power/energy Industry are further extended to the international comparison of other major industrial nations including Japan and the European nations. The international comparison concludes that Japanese Electric Power firms have enough managerial and financial capabilities even if the American financial standard is hypothetically introduced into the evaluation of their financial performances. However, the empirical results also indicate that the Japanese Power Industry performs barely above the American standard. Thus, corporate leaders in the Japanese Power Industry need to pay more serious attention to their corporate finances and financial strategies. Such financial perspective will be increasingly important along with the current deregulation policy of the Japanese government.
A A Makarov - One of the best experts on this subject based on the ideXlab platform.
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comprehensive assessment of russia s Electric Power Industry s technological transformation
Thermal Engineering, 2019Co-Authors: A A Makarov, Fedor Veselov, A S Makarova, L V UrvantsevaAbstract:The article discusses the possibilities for and results of structural changes in the Electric Power Industry of Russia, which performs the integrating function for the country’s fuel and energy complex during its transformation in the context of various scenarios supposed for the world’s technological transition to the use of noncarbon energy in the period up to 2040. The optimal lines of technological progress and its acceleration rates in the Industry, which ensure full replacement of the existing capacities of gas- and then also coal-fired Power plants by new types of equipment, as well as noticeable increase in the share of noncarbon (nuclear and renewable) sources, are investigated. The effect that the choice of a more energy-efficient and diversified structure of generating capacities has on the consumption of energy resources and also on the direct and indirect effects for the national economy of Russia is estimated. For estimating the consequences from structural transformation of the Electric Power Industry, the integral energy and economic characteristics of the conservative and innovative scenarios of its development are calculated. Based on these characteristics, a system of indicators for comprehensively estimating the Industry’s development scenarios is proposed that reflect the extent of its technological renovation, energy efficiency, energy balance diversification, price load, and budgetary effectiveness. The results of applying the proposed system of indicators confirmed the advantages of the Electric Power Industry’s innovative-development scenario. The following two strategic objectives can simultaneously be solved within the framework of this scenario in the period up to 2040. First, it will be possible to overcome the long-lasting technological backwardness of the domestic thermal Power Industry and reach the level of best technologies in gas- and coal-fired Power generation. Second, it will be possible to ensure a very rapid growth in the scales of using noncarbon technologies (nuclear and renewable energy), thus setting up a background for achieving a situation in which they would account for up to half the Electricity production by the mid 21st century. It is shown that the acceleration of technological progress in the Electric Power Industry will compensate one-third of the losses in Russia’s economy due to decreased export of fuel when a shift is made around the world to noncarbon energy.
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strategic prospects of the Electric Power Industry of russia
Thermal Engineering, 2017Co-Authors: A A Makarov, Fedor Veselov, A S Makarova, T V Novikova, T G PankrushinaAbstract:The prospects for the development of the Electric Power Industry of Russia adopted at a regular stage of working out the Energy Strategy and the General Plan of Distribution of the Electric Power Facilities are discussed. The monitoring of the progress in the implementation of the Energy Strategies for the periods until 2020 and 2030 adopted in 2003 and 2009 has, in general, validated the correctness of the estimated volumes of the energy resource production under overestimation of the expected domestic demand owing to an excessively optimistic forecast of the real development of the economy. The priority lines of the national energy policy in Electric Power and allied industries proposed in the Energy Strategy for the period until 2035 are considered. The tools for implementation of most of the proposals and the effectiveness of their implementation have yet to be defined more concretely. The development of the energy sector and the Electric Power Industry under the conservative and optimistic scenarios of the development of the country’s economy has been predicted using the SCANER modeling and information system, viz., the dynamics of the domestic consumption, export, and production of the primary energy and the Electric Power has been determined and the commissioning and structure of the required generating capacities and the consumption of the basic types of the energy resources by the Electric Power Industry and the centralized heat supply systems has been optimized. Changes in the economic efficiency of the nuclear and thermal Power plants under the expected improvements on their cost and performance characteristics and an increase in the domestic fuel prices are presented. The competitiveness of the wind and solar Power production under Russian conditions has been evaluated considering the necessity of reservation and partial duplication of their capacities when operated in the Power supply systems. When optimizing the Electric Power Industry as a subsystem of the country’s energy sector, the required amounts of capital investments in the Industry have been assessed. Based on the obtained data and the predicted prices of fuel in the main pricing zones of Russia, the ranges of changes in the prices of the Electric Power in agreement with the macroeconomic restrictions on their dynamics have been calculated.
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Perspectives of the Electric Power Industry amid the transforming global Power generation markets
Thermal Engineering, 2017Co-Authors: A A Makarov, F. V. Veselov, T. A. Mitrova, A. A. Galkina, V. A. KulaginAbstract:A scenario-based prognosis of the evolution of global Power generation markets until 2040, which was developed using the Scaner model-and-information complex, was given. The perspective development of fuel markets, vital for the Power generation Industry, was considered, and an attempt to predict the demand, production, and prices of oil, gas, coal, and noncarbon resources across various regions of the world was made. The anticipated decline in the growth of the global demand for fossil fuels and their sufficiency with relatively low extraction expenses will maintain the fuel prices (the data hereinafter are given as per 2014 prices) lower than their peak values in 2012. The outrunning growth of demand for Electric Power is shown in comparison with other Power resources by regions and large countries in the world. The conditions of interfuel competition in the Electric Power Industry considering the changes in anticipated fuel prices and cost indicators for various Power generation technologies were studied. For this purpose, the ratios of discounted costs of Electric Power production by new gas and coal TPPs and wind and solar Power plants were estimated. It was proven that accounting the system effects (operation modes, necessary duplicating and reserving the Power of Electric Power plants using renewable energy sources) notably reduces the competitiveness of the renewable Power Industry and is not always compensated by the expected lowering of its capital intensity and growth of fuel for TPPs. However, even with a moderate (in relation to other prognoses) growth of the role of Power plants using renewable energy sources, they will triple Electric Power production. In this context, thermal Power plants will preserve their leadership covering up to 60% of the global Electric Power production, approximately half using gas.
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methods for and results from estimating the effectiveness of accelerated modernization of the russian Electric Power Industry
Thermal Engineering, 2013Co-Authors: F. V. Veselov, A A Makarov, A S MakarovaAbstract:The methodology for and results from evaluating the social effectiveness of the Program for Modernizing the Electric Power Industry of Russia for the Period Up to 2020 (which constitute one of its key components) are considered. The lines of technological modernization and ways of improving economic relations in the Industry, which are two other components of the Program, will be addressed in separate publications.
Shuai Ding - One of the best experts on this subject based on the ideXlab platform.
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energy conservation and emission reduction of china s Electric Power Industry
Renewable & Sustainable Energy Reviews, 2015Co-Authors: Kaile Zhou, Shanlin Yang, Chao Shen, Shuai DingAbstract:Electric Power Industry is a typical Industry with high energy consumption and high emissions in China. To relieve the increasing environmental pressures and promote the sustainable development of China’s economy and society, it is urgent to take actions to reduce energy consumption and pollution emissions of China’s Electric Power Industry. In this paper, we first present an overview of the development status of China’s Electric Power Industry, including the total Power generating capacity and proportions of different Power generation methods, the development of renewable energy Power generation, as well as the average utilization hours of different Power generation equipment. Then, the development of energy conservation and emissions reduction of China’s Electric Power Industry is studied. The indicators of energy conservation include coal consumption for Power supply, Power consumption rate of Power plants and comprehensive line loss rate; while the contents of emissions reduction include desulfurization, emissions control and the comprehensive utilization of solid waste. Finally, suggestions in five aspects to promote energy conservation and emissions reduction of China’s Electric Power Industry are presented. The five suggestions are improving Power generation technologies, expanding renewable energy Power generation, optimizing Power generation process, strengthening monitoring and regulation, and promoting Power generation rights and emissions trading.
F. V. Veselov - One of the best experts on this subject based on the ideXlab platform.
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midterm development conditions for the Electric Power Industry of russia under hard price constraints
Studies on Russian Economic Development, 2020Co-Authors: F. V. Veselov, A. I. SolyanikAbstract:The paper considers the required economic conditions for the implementation of midterm plans for the development of the Electric Power Industry in Russia based on financial and economic modeling with allowance for uncertainties in the growth rate of Electricity demand and fuel prices, the scale and capital intensity of existing Power plant renovation and the development of non-carbon energy sources. The area of Industry development options is determined, which is being implemented in the context of the continued average Electricity sales price regulation policy below inflation. The need for systematic measures in the pricing policy of the state for the successful development of the Electric Power Industry in the medium term is shown.
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Perspectives of the Electric Power Industry amid the transforming global Power generation markets
Thermal Engineering, 2017Co-Authors: A A Makarov, F. V. Veselov, T. A. Mitrova, A. A. Galkina, V. A. KulaginAbstract:A scenario-based prognosis of the evolution of global Power generation markets until 2040, which was developed using the Scaner model-and-information complex, was given. The perspective development of fuel markets, vital for the Power generation Industry, was considered, and an attempt to predict the demand, production, and prices of oil, gas, coal, and noncarbon resources across various regions of the world was made. The anticipated decline in the growth of the global demand for fossil fuels and their sufficiency with relatively low extraction expenses will maintain the fuel prices (the data hereinafter are given as per 2014 prices) lower than their peak values in 2012. The outrunning growth of demand for Electric Power is shown in comparison with other Power resources by regions and large countries in the world. The conditions of interfuel competition in the Electric Power Industry considering the changes in anticipated fuel prices and cost indicators for various Power generation technologies were studied. For this purpose, the ratios of discounted costs of Electric Power production by new gas and coal TPPs and wind and solar Power plants were estimated. It was proven that accounting the system effects (operation modes, necessary duplicating and reserving the Power of Electric Power plants using renewable energy sources) notably reduces the competitiveness of the renewable Power Industry and is not always compensated by the expected lowering of its capital intensity and growth of fuel for TPPs. However, even with a moderate (in relation to other prognoses) growth of the role of Power plants using renewable energy sources, they will triple Electric Power production. In this context, thermal Power plants will preserve their leadership covering up to 60% of the global Electric Power production, approximately half using gas.
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Methodological approach for harmonization of the investment and pricing policy options in the Electric Power Industry
2017 Tenth International Conference Management of Large-Scale System Development (MLSD), 2017Co-Authors: F. V. Veselov, A. I. SolyanikAbstract:The article presents the methodological approach to the substantiation of the pricing policy parameters required for the stable development of the Power Industry in the long run. For this purpose, a multi-level system of financial models is developed and used to forecast the changes in the financial health of the whole Electric Power Industry, its main technological sectors and separate generating and grid companies under given investment plans, regulatory policy scenarios and types of the Electricity market structure. The rational hierarchy of modeling tasks is specified in the article, according to different levels of the investment planning (from Industry to project level). The proposed integrated approach to the substantiation of the pricing decisions in the areas of competitive market or tariff regulation ensures the assessment of their consequences (“direct” problem) as well as the estimation of target price levels of Electricity and heat generation or grid services based on the revenue requirement calculations (“reverse” problem). Being developed for the Electric Power Industry, this integrated approach can be applied for the most of energy industries and markets.
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methods for and results from estimating the effectiveness of accelerated modernization of the russian Electric Power Industry
Thermal Engineering, 2013Co-Authors: F. V. Veselov, A A Makarov, A S MakarovaAbstract:The methodology for and results from evaluating the social effectiveness of the Program for Modernizing the Electric Power Industry of Russia for the Period Up to 2020 (which constitute one of its key components) are considered. The lines of technological modernization and ways of improving economic relations in the Industry, which are two other components of the Program, will be addressed in separate publications.