Abstract and keywords
Abstract (English):
This article deals with a complex and rather unique problem of pricing in the wholesale and retail electricity and capacity markets. The interaction of the electric power industry with the economy resulted in a market conglomerate of planned economy and liberal distribution. The reformers tried to avoid monopoly, which allegedly hindered the market development. The entire post-reform practice proves that private investments are ineffective, prices and tariffs for electricity and capacity keep growing, and energy companies are registered as closed joint-stock companies, which decreases their investment attractiveness. Too many private infrastructure companies stand between the consumer and the electricity supplier. These companies deprive the counterparties of their right to determine the terms and price of the transaction, which contradicts the concept of the market economy. The entire market space of electricity supply is divided into the so-called price categories. Formally, the consumer chooses the price category, but this choice depends on numerous rules, restrictions, and conditions. The article introduces an electricity price calculation model that can be used to make up sales contracts and provides a more transparent understanding of the pricing mechanism.

wholesale market, retail market, price category, one-part tariff, two-part tariff, weighted average unregulated price, marginal price
Publication text (PDF): Read Download

1. Bessonova O. E. Institutional dilemma of modern Russia. Economics of Contemporary Russia, 2018, (4): 23–36. (In Russ.)

2. Bessonova O. E. Institutional model of the Russian economy: retrospective and modern vector of development. Economics of Contemporary Russia, 2008, (4): 28–41. (In Russ.)

3. Kleiner G. B. Institutional aspects of reforming industrial enterprises. Problemy teorii i praktiki upravleniia, 2002, (4): 24–30. (In Russ.)

4. Stiglitz J. E. Quis custodiet ipsos custodes? Corporate governance failures in the transition. Economics of Contemporary Russia, 2001, (4): 108–146. (In Russ.)

5. Kudrov V. M. Economy of Russia: essence and appearance. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2009, (2): 39–48. (In Russ.)

6. Glazyev S. Yu. Structural policy in the context of global technological shifts. Part 1. Economics of Contemporary Russia, 2007, (3): 49–61. (In Russ.)

7. Mezhov I. S. Management of regional economy: the lack of effective methods or the impasse of a liberal concept. Russian Economic Journal, 2018, (1): 30–44. (In Russ.)

8. Polterovich V. M. Strategy of catch-up development in Russia. Economics of Contemporary Russia, 2007, (3): 17–23. (In Russ.)

9. Veselov F. V., Solyanik A. I. Midterm development conditions for the electric power industry of Russia under hard price constraints. Problemy Prognozirovaniya, 2020, (1): 88–98. (In Russ.)

10. Volkonsky V. A., Kuzovkin A. I. Competition and regulation in power engineering management: theoretical approaches. Problemy Prognozirovaniya, 2007, (4): 54–73. (In Russ.)

11. Voropai N. I., Stennikov V. A., Barakhtenko E. A. Integrated energy systems: challenges, trends, philosophy. Problemy Prognozirovaniya, 2017, (5): 39–49. (In Russ.)

12. Kutovoy G. P. We need a new paradigm (or architectonics) of economic relations in the electric power industry. Energetik, 2016, (2): 8–13. (In Russ.)

13. Kutovoy G. P. On choosing a variant of further reforms in the electric power industry: from what did we leave, what did we come to and how to build relations in the electric power industry, ensuring its development? Economic Problems of the Energy Sector (A. Nekrasov Seminar) – 2017: Proc. Intern. Energy Conf. of the All-Russian Open Permanent Sci. Seminar, Moscow, 7–8 Nov 2017. Moscow: Ankil, 2017, 209–234. (In Russ.)

14. Yashchenko A. V. Development of the electric power industry in the aspect of improving interaction with the economy. Theoretical and practical aspects of the development of modern science: theory, methodology, and practice: Proc. V Intern. Sci.-Prac. Conf., Ufa, 15 Jun 2021. Ufa: NITs Vestnik nauki, 2021, 70–84. (In Russ.)

15. Williamson O. E. The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. St. Petersburg: Lenizdat, CEV Press, 1996, 702. (In Russ.)

16. Kolodiy S. Yu. Transactional costs and their impact on the balance of government financial resources. Scientific Notes of Taurida National V. I. Vernadsky University. Series: Economy and Management, 2012, 25(3): 103–110. (In Russ.)

17. Manukyan M. M., Borzykh L. V. Transaction expenses: essence and dynamics in the Russian economics. Vestnik SamGU. Seriia "Ekonomika i upravlenie", 2014, (8): 71–74. (In Russ.)

18. Pleshchinsky A. S., Titov V. V., Mezhov I. S. Mechanisms of vertical interactions of enterprises: methodology and modeling. Novosibirsk: IEIE SB RAS, 2005, 336. (In Russ.)

Login or Create
* Forgot password?