ANALYSIS OF THE POSSIBILITY OF CHP FUNCTIONING IN THE ELECTRICITY MARKET UNDER THE CONDITIONS OF INTRODUCTION OF PRICE RESTRICTIONS ON THE MARKET

Abstract

In the article, the issue of forming a strategy for ensuring competitive advantages of combined heat and power plants in the context of introducing price constraints in the electricity markets is considered, based on the analysis of functional capabilities and the economic component of the existing electricity market model. The factors influencing the formation of the cost of a unit of commodity production of a combined heat and power plant for participation in the electricity markets are also examined. The work also discusses the issue of adapting thermal power plants to price constraints in electricity markets, which ensures competitiveness and stability of electricity production. The main aspects analyzed in the study include SWOT analysis of CHP plants, examination of regulatory mechanisms such as ancillary services for frequency and active power regulation, and modernization and environmental adaptation strategies. Within the framework of the study, possibilities for enhancing the competitive advantages of CHP plants are considered, such as the introduction of the latest technologies, the development of the renewable energy market, and increasing capacity. At the same time, attention is paid to threats related to the decline in demand for electricity, changes in the fuel market, and regulatory constraints on harmful emissions.