Electricity market integration of high- and low-price areas is expected to bring benefits to the consumers in a high-price area. However, these potential benefits are highly dependent on the market characteristics and the policy interventions. We use simulation to study the effects of different...

The Russian power sector reform initiated in 2001 endeavored to introduce competition into major segments of the Russian electricity market. This paper examines how far the reforms have advanced in the retail electricity market and discusses social, political and technological barriers to market...

Russia commenced liberalization of electricity prices in 2007 increasing the liberalization rate by 10–25% every six months. It was planned to reach full liberalization by 2011. Currently, the degree of liberalization is uncertain because of intense price regulation and a highly concentrated...

Abstract The increasing share of renewables in generation leads to a structural change in electricity markets. As the utilization of conventional generators decreases in the short run, fixed costs of those power plants have to be recovered through high price spikes in times of scarce capacities....

Motivated by the European movement towards a separation of electricity networks from the competitive functions generation and supply this paper reviews theoretical and empirical literature on vertical synergies in electricity supply. In the analysis a clear distinction is made between four...