Overview of the Opportunities of Industrial Enterprise Participation in the Electricity Market
Year: 2024
Type: article
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.
Authors: Vasyl Kalinchyk, Oleksandr Kopchykov
Language: English
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4405380749