ASPECTS OF REAL ECONOMY
Published 2018-07-09
Keywords
- ЕLECTRIC POWER INDUSTRY,
- ELECTRICITY MARKETS,
- IMPERFECT COMPETITION,
- GOVERNMENT REGULATION
How to Cite
1.
Belyaev Л. The Need for Price Regulation in the Electricity Market. ECO [Internet]. 2018 Jul. 9 [cited 2024 Dec. 18];44(4):112-25. Available from: https://ecotrends.ru/index.php/eco/article/view/767
Abstract
The paper considers four main models of electricity market organization and the electric power system properties causing extreme market imperfection. Taking into account these properties and analyzing the experience of other countries, the study describes the disadvantages and consequences of switching to the models of competitive market with uncontrolled prices, that have been revealed in recent years in Russia as well. The electric power industry deregulation is recognized to be erroneous and the return to a twolevel structure of regulated electricity markets is suggested.References
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