Electricity Price Parameters as a Basis for Energy Demand Management in Regions
DOI:
https://doi.org/10.17059/ekon.reg.2023-4-17Keywords:
energy demand management, price-dependent electricity consumption, energy consumption management, industrial electricity consumption, regional energy, energy efficiency, electricity market, pricing, hourly electricity prices, price volatilityAbstract
Energy cost management (more than 45 % in the structure of total costs) can significantly reduce own energy supply costs and improve operational efficiency of an enterprise. The study examines regional electricity price parameters, affected by retail and wholesale electricity markets, in terms of the possibilities for industrial enterprises to implement price-dependent demand management to reduce energy purchase costs. The article aims to distribute Russian regions according to the prospects for reducing energy purchase costs by managing electricity demand schedules. The following methods were utilised: statistical analysis of hourly average electricity prices per year, month and day in the regional context; mathematical modelling and calculation of authors’ coefficients of average electricity prices and coefficients of