Time Regularities in the Russian Power Market

Abstract

We describe time regularities in the Russian power market and day-of-the-week and intraday price patterns in European and Siberian zones. The magnitudes of the price difference and time lag between the zones suggest extending the interconnector between the zones. The persistence and magnitude of time regularities in the price of power in the European zone imply that technologies that allow for flexibility on either the supply side or the demand side can be profitable.