Analysis of factors influencing the electricity (capacity) price growth in the energy market of the Siberian Federal District

• Published in: Vestnik Universiteta
• Main Authors: A. P. Dzyuba, D. V. Konopelko
• Format: Article in Journal/Newspaper
• Language: English; Russian
• Published: Publishing House of the State University of Management 2023
• Subjects: wholesale electricity market; retail electricity market; energy market pricing; capacity market; node prices; energy management; market for the day ahead; pricing in the regions; industrial energy; Sociology (General); HM401-1281; Economics as a science; HB71-74; Krasnoyarsk Krai
• Online Access: https://doi.org/10.26425/1816-4277-2023-1-132-143; https://doaj.org/article/41e8d77ecd664bd1a97b4d72a7b9aca4

One of the main competitive advantages of the Russian Federation in the industrial products world markets is the relatively low prices for electricity sold on the domestic market for the industry sectors. Low electricity prices for energy-intensive industrial sectors, such as ferrous and non-ferrous metallurgy, mining, oil extraction and refining, etc., allow Russian economy to occupy a dominant position in various areas of world markets, and industries are able to maintain financial stability indicators and finance modernization and technical re-equipment programs. In the fourth quarter of 2021 and the first quarter of 2022, on the territory of the Siberian United Energy System, which includes consumers of the Siberian Federal District, an increase in prices for electricity supplied to end consumers, primarily industry, was revealed. In March 2022, the increase in electricity prices compared to the same period of the previous year, in the Krasnoyarsk Krai was 18.2 %, in the Republic of Khakassia – 13.1 %. In other regions of Russia over the specified period, the increase in final electricity prices for industry averaged 2.6 %. Thus, the empirical analysis carried out in the article revealed that electricity prices in the regions of the Siberian Federal District actually began to approach the average electricity prices in other federal districts of Russia.