Journal of Applied Economic Research
ISSN 2712-7435
Definition of the Significant Factors for Consumption Volume Forecasting of the Electric Energiesfor the United Energy System of the Ural Based on Regression Analysis
Mokhov V.G., Demyanenko T.S.
Abstract
The conceptual basis for reconciling divergent interests of the constituent entities of the electricity market - the state as the quasi-owner and electricity consumers (enterprises and households), electricity companies - is formed in the article. The relevance of this problem from the standpoint of electricity producers and consumers is determined by the strategic imperatives of electricity acquiring the status of "stimulating infrastructure". The purpose of the research is to develop a model to achieve a balance of interests of electric power market participants, which lies in the conflict between efficiency and justice. The authors consider the evolution of the concept of "power engineering efficiency", which they interpret as incentives for owners of energy companies to find innovative ways of development in the long term; the increase of companies' capitalization; provision of a rational level of consumption of electric power; provision of a decent level and quality of welfare. Different approaches to the interpretation of the concept of "fair price", which forms the basis for a balance of interests, are analyzed. A conclusion is made that the existing pricing model in the industry does not contribute to its achievement. The author's view on the fair price for electricity is based on the criterion of Pareto efficiency, according to which it is defined as a range of indicators deviation from which leads to the deterioration of any category of market participants. For model representation of the structure of the balance of interests from the positions of the systemic approach, their characteristics in respect to all categories of subjects using the author's system of indicators is proposed. A model for taking into accout agents' conflicting interests within the framework of the cognitive approach which is based on the problem of multi-criteria selection is formalized; stages of establishing a "fair price" for electricity are determined. The resulting conclusion is that the balance of interests in the electricity sector is determined by the policy of tariff setting which facilitates the growth of capitalization of the industry, the competitiveness of the economy, improvement of the quality of life. The balance can be reached through the integration of administrative and organizational resources of state regulation and business potential is drawn.
Keywords
power industry; balance of interests; fair price; efficiency; market of the electric power; politician of tariff setting.
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About Authors
Matveeva Ludmila Grigorievna – Doctor of Economics, Professor, Head of Department of Information Economy, Southern Federal University, Rostov-on-Don, Russia (344007, Rostov-on-don, M. Gorkogo street, 88); e-mail: matveeva_lg@mail.ru.
Chernova Olga Anatolievna – Doctor of Economics, Associate Professor, Department of Information Economy, Southern Federal University, Rostov-on-Don, Russia (344007, Rostov-on-don, M. Gorkogo street, 88); e-mail: chernova.olga71@yandex.ru.
For citation
Matveeva L.G., Chernova O.A. A Conceptual Model of Balance of Subjects of the Electric Energy Market Interests. Bulletin of Ural Federal University. Series Economics and Management, 2017, Vol. 16, No. 4, 642-662. DOI: 10.15826/vestnik.2017.16.4.027.
Article info
Received May 07, 2017; Accepted June 20, 2017.
DOI: http://dx.doi.org/10.15826/vestnik.2017.16.4.027
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