DocumentCode :
3489011
Title :
The risks classification of hydrogenerating companies under conditions of bulk power supply market development
Author :
Zubakin, Vassily A. ; Filatov, Sergey A.
Author_Institution :
RAO UES of Russia, Moscow
fYear :
2005
fDate :
27-30 June 2005
Firstpage :
1
Lastpage :
2
Abstract :
Due to wholesale market institutionalization in the Russian power sector, the generating companies become the key players on the wholesale electricity market. Pricing mechanism transformation in favor of marginal principles cause new risks for market participants. Risks, which influence market participants behavior and their classification are well-known. In our article we would pay special attention for studying risks, which origin is based on new market rules and their changes establishment, which cause changes in hydro power station´s operational, financial and investment strategies.In Russian Federation the larger HPP has a huge installed capacity (Siberia, Far East and Middle Volga region), cascade allocation and very difficult interference aspects. These technological features define principals to be laid in the base for HPP pricing and bidding problem solving. The optimal generation planning problem in respect to hydro power plants settled on one river cascade might be solved using a risk minimization function and a method of spare corridors.
Keywords :
hydroelectric power stations; power generation economics; power markets; risk management; Russian power sector; bulk power supply market development; competitive power market institutionalization; financial strategies; hydro power plants; hydrogenerating companies; investment strategies; pricing mechanism; risks classification; wholesale electricity market; wholesale market institutionalization; Electricity supply industry; Interference; Investments; Power generation; Power supplies; Pricing; Problem-solving; Region 8; Risk management; Rivers;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Tech, 2005 IEEE Russia
Conference_Location :
St. Petersburg
Print_ISBN :
978-5-93208-034-4
Electronic_ISBN :
978-5-93208-034-4
Type :
conf
DOI :
10.1109/PTC.2005.4524812
Filename :
4524812
Link To Document :
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