OVERVIEW OF THE OPPORTUNITIES OF INDUSTRIAL ENTERPRISE PARTICIPATION IN THE ELECTRICITY MARKET

The paper analyzes the electricity market of Ukraine, identifies the main opportunities for the participation of an industrial enterprise in various segments of this market. The types of electricity purchase and sale contracts were analyzed, including the bilateral contract market, the day-ahead market, and the intraday market. The procedure of participation in the balancing market is analyzed. Factors affecting the supply price were analyzed. The direction of future studies of the efficiency of the enterprise's consumption of electric energy is determined, one of which is the creation of a forecasting model that includes the techniques and methods analyzed in this work. The classification of forecasting methods according to quantitative and qualitative approaches is given. Limitations and risks of market segments and their impact on the cost of forecasting "error" are defined. It is proposed to carry out an assessment of the economic efficiency of forecasting methods and models, which will take into account the cost of forecasting "error" as a result of participation in various segments of the electric energy market.

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Publication Details

Journal
POWER ENGINEERING economics technique ecology
Published
2024-12-10
DOI
https://doi.org/10.20535/1813-5420.3.2024.314635
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
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article

OVERVIEW OF THE OPPORTUNITIES OF INDUSTRIAL ENTERPRISE PARTICIPATION IN THE ELECTRICITY MARKET

Vasyl Kalinchyk, Oleksandr Kopchykov
POWER ENGINEERING economics technique ecology
Business and Economic Development
article

OVERVIEW OF THE OPPORTUNITIES OF INDUSTRIAL ENTERPRISE PARTICIPATION IN THE ELECTRICITY MARKET

Vasyl Kalinchyk, Oleksandr Kopchykov
article en

Abstract

The paper analyzes the electricity market of Ukraine, identifies the main opportunities for the participation of an industrial enterprise in various segments of this market. The types of electricity purchase and sale contracts were analyzed, including the bilateral contract market, the day-ahead market, and the intraday market. The procedure of participation in the balancing market is analyzed. Factors affecting the supply price were analyzed. The direction of future studies of the efficiency of the enterprise's consumption of electric energy is determined, one of which is the creation of a forecasting model that includes the techniques and methods analyzed in this work. The classification of forecasting methods according to quantitative and qualitative approaches is given. Limitations and risks of market segments and their impact on the cost of forecasting "error" are defined. It is proposed to carry out an assessment of the economic efficiency of forecasting methods and models, which will take into account the cost of forecasting "error" as a result of participation in various segments of the electric energy market.

POWER ENGINEERING economics technique ecology(3)
Affordable and clean energy
Openalex Percentile: Top 65%
Business and Economic Development
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