Definitions
- Electricity market:
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A mechanism through which electric energy is bought and sold
- Market applications:
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Key software products used to compute market schedules and prices
Introduction
Reform of the power energy sector in Russia in the beginning of the 2000s led to development of a competitive electricity market and emergence of a number of independent generation and distribution companies. An overview of the market model and overall reform process is given in Davidson et al. (2004) and Letova, Yao, Davidson, and Afanasyeva (2018).
Most part of the energy system of Russia is interconnected and operates at a single frequency. The system is highly constrained and is characteristic for significant power transfers over high-voltage backbone grid. Simplified linearized models widely used in many energy markets might lead to critical...
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References
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Davidson, M.R., Labutin, G.V. (2020). Electricity Market Scheduling Applications in Russia. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3917-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3917-1
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