Electric power (capacity) supply on the wholesale market for industrial consumers operating within the Siberian United Power System: dynamics of price signals changes study

Abstract

One of the main goals of creating a wholesale electricity market in the Russian Federation was to reduce the prices for circulating electricity. The achievement of this goal was supposed to be due to the development of competitive energy market relations, equal access to electricity supply services to consumers among all participants of the energy market, transparency and structuring of the electricity pricing mechanism. Traditionally, the regions with the lowest prices for supplied electricity in Russia are the territories of the Siberian United Energy System, where the demand for electricity is provided by cheap hydro generation, which ensures the competitiveness of the Siberian economy and high investment potential in the industrial sector. The article presents an empirical analysis of the dynamic changes in the parameters of the total cost of electricity sold in the regions of Russia included various federal districts with a comparison of the cost of electricity in the Siberian Federal District regions with other territories of Russia, with the identification of key trends and features of changes. Analysis of the dynamics of changes in the components of the cost of electricity on various territories for the period January 2021 – March 2022 revealed a significant increase in the cost of electric energy and electric capacity. Their dynamics in some cases exceeds 30 %, and led to a significant increase in prices for electricity sold to all groups of consumers operating in the United Energy System of Siberia regions, and in particular on territories of the Krasnoyarsk Krai and the Republic of Khakassia. The presented article emphasizes the need to study the factors and pricing conditions affecting the change in price parameters for power supplied to consumers operating in the regions of the Siberian United Energy System, with the development of follow-up measures to manage the increase in prices for electricity (capacity) in these regions.