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Denis Milyutin

Capacity market regulation. Denis Milyutin Deputy Director of the Department for regulation in electricity sector, FTS of Russia. Florence, Italy February 6 , 2012. Capacity market. Regulating authorities. Development of wholesale market rules. System Operator. Ministry of Energy.

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Denis Milyutin

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  1. Capacity market regulation Denis Milyutin Deputy Director of the Department for regulation in electricity sector, FTS of Russia Florence, Italy February 6, 2012

  2. Capacity market

  3. Regulating authorities Development of wholesale market rules System Operator Ministry of Energy • Normative support • Determination of reserve ratio ≈ demand for capacity • Decision on the correcting CCO FAS of Russia

  4. Tariff regulation on wholesale market Before 01.01.2011 After 01.01.2011 Tariff rate 1. For electricity 2. For generating capacity ≤ 35% of electricity and capacity production volume

  5. Supply tariffs for households «Old» Launched before 01.01.2008 «New» Launched after 01.01.2008 Electricity tariffs Capacity tariffs Indexation Electricity tariffs = Forced tariffs Capacity tariffs - CCO price Forced Electricity tariffs Capacity tariffs Forced tariffs Most expensive, retail market ex-participants Electricity tariffs Capacity tariffs 1st year – economically feasible expenses, After - indexation

  6. Forced/most expensive prices 15 (10) % Most expensive Only for day-ahead market Not taken-off capacity Decommissioning CCO price When it is impossible: Not satisfied with technical requirements Government commission Forced generator CDA, NPP and HPP Demand Ministry of Energy

  7. Methodology for suppliers Capacity price ≥ CCO price

  8. From Jul,1 2007 From Jul, 1 2008 From Jul, 1 2009 From Jul, 1 2010 From Jan, 12007 From Jan, 1 2008 From Jan,1 2009 From Jan, 1 2010 Liberalization and price regulation The structure of the physical scope of the capacity supplied by the generators 2012 Transitional period Long-term model 80% 60% At regulated prices 50% 30% Forced 25% 15% CDC 10% 5% New NPP/HPP At free prices electricity capacity

  9. Thank You for Your attention! FTS of Russia 7, Kitaigorodsky proezd109074 MoscowRussia Tel. +7(495)710-61-97 Fax +7(495)710-65-29 www.fstrf.ru dmilyutin@fstrf.ru

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