REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

Assessing the Electricity Market Performance in Ukraine
Salashenko T. I.

Salashenko, Tetiana I. (2022) “Assessing the Electricity Market Performance in Ukraine.” Business Inform 7:234–246.
https://doi.org/10.32983/2222-4459-2022-7-234-246

Section: Management and Marketing

UDC 339.332:620.9

Abstract:
Ukraine obliged to implement the European electricity market model and introduce the European principles of the competition policy therein. One of the tasks is the introduction of permanent and quality market monitoring. However, the basis of such monitoringis still missing. Therefore, the article proposes a methodical approach to assessing the electricity market performance as a monitoring tool, which is based on key performance indicators and allows the regulator to timely identify and control disruptions, and market participants to make effective managerial decisions aimed at achieving the overall objective of its reforming. Assessment of the electricity market performance should be based on 12 local indicators distributed over 4 components, such as balance, variability, dynamism, and proportionality. Market research can be feasibly carried out by its segments (bilateral market, day-ahead market, intraday market and balancing market), as well as by different load modes (basic, peak, off-peak). The performance level can be determined based on the radar chart by comparing the area of the obtained figure with the area of the reference one. The database of this approach is the open-source data of the transmission system operator, the market operator, and other professional participants. In the article this approach was tested in the Ukrainian electricity market for the October 2021, which revealed the following: the overall performance of the Ukrainian electricity market was at a satisfactory level, including such segments as the bilateral market, the day-ahead market and the intraday market, while the performance of the balancing market was at the low level. The strongest components were dynamism and balance, while variability and proportionality were its weakest components.

Keywords: electricity market, performance, monitoring, balance, variability, dynamism, proportionality.

Fig.: 7. Tabl.: 8. Formulae: 5. Bibl.: 22.

Salashenko Tetiana I. – Candidate of Sciences (Economics), Senior Research Fellow, Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

[Legal Act of Ukraine] (2014). http://zakon3.rada.gov.ua/laws/show/984_011#Text
“Regulation (EU) No. 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency“. EUROLEX. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32011R1227
“Regulation (EU) No. 543/2013 of 14 June 2013 on submission and publication of data in electricity markets and amending Annex I to Regulation (EC) No. 714/2009. EU Monitor“. https://www.eumonitor.eu/9353000/1/j9vvik7m1c3gyxp/vjap8uu8v3zt
[Legal Act of Ukraine] (2019). https://zakon.rada.gov.ua/laws/show/984_001-19#n2
[Legal Act of Ukraine] (2017). https://zakon.rada.gov.ua/laws/show/2019-19#Text
[Legal Act of Ukraine] (2017). https://zakon.rada.gov.ua/rada/show/v1120874-17#Text
[Legal Act of Ukraine] (2019). https://zakon.rada.gov.ua/laws/show/v0450874-19#Text
“ISO 9000:2005. Sistemy menedzhmenta kachestva. Osnovnyye polozheniya i slovar“ [ISO 9000:2005. Quality Management Systems. Fundamentals and Vocabulary]. https://www.iso.org/obp/ui#iso:std:iso:9000:ed-3:v1:ru
“ISO 9001:2008. Sistemy menedzhmenta kachestva. Trebovaniya“ [ISO 9001:2008. Quality Management Systems. Requirements]. https://www.iso.org/obp/ui/#iso:std:iso:9001:ed-4:v1:ru
Purcell, J. et al. Understanding the People and Performance Link: Unlocking the black box. London, 2003.
Armstrong, M., and Beron, A. Upravleniye rezultativnostyu. Sistema otsenki rezultatov v deystvii [Performance Management. Performance Appraisal System in Action]. Moscow: Alpina Pablisher, 2018.
Scherer, F. M., and Ross, D. Industrial Market Structure and Economic Performance. Boston: Houghton Mifflin, 1990.
Volkova, Ye. M. “Otsenka rezultativnosti otraslevogo rynka prigorodnykh passazhirskikh perevozok“ [Evaluation of the Performance of the Sectoral Market for Suburban Passenger Transportation]. Byulleten rezultatov nauchnykh issledovaniy. 2013. https://cyberleninka.ru/article/n/otsenka-rezultativnosti-otraslevogo-rynka-prigorodnyh-passazhirskih-perevozok
Vishnyakova, M. V. Mify i pravda o KPI [Myths and Truth about KPI]. Moscow: Letopis, 2017.
Kruchenetskiy, S. M. “Pokazateli KPI - eto ne tolko effektivnost“ [KPIs are More Than Just Performance]. Piter-konsalt. https://piter-consult.ru/home/Articles/Consulting-myths-legends/kpi-types.html
“Sistema KPI (Key Performance Indicator): razrabotka i primeneniye pokazateley biznes-protsessa. Pokazateli effektivnosti“ [KPI (Key Performance Indicator) System: Development and Application of Business Process Indicators. Performance Indicators]. Bussiness Studio. https://www.businessstudio.ru/articles/article/sistema_kpi_key_performance_indicator_razrabotka_i/
Parmenter, D. Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. Wiley, 2015.
Pysmenna, O. O. “Teoretychni osnovy ta metodychnyi instrumentarii formuvannia kadrovoi stratehii pidpryiemstva“ [Theoretical Foundations and Methodical Tools for Forming the Personnel Strategy of the Enterprise]: avtoref. dys. ... kand.. ekon. nauk : 8.00.04, 2014.
Kavtreva, A., and Tkalich, K. “Minimalnaya rezultativnost“ [Minimum Performance]. https://www.triz-ri.ru/motive/?id=7171&name=kogda_rezultat_raboty_nizkij
PrAT «NEK Ukrenerho». https://ua.energy/uchasnikam_rinku/#
DP «Operator rynku». https://www.oree.com.ua/
Ukrainska enerhetychna birzha. https://www.ueex.com.ua/

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»