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Denis Milyutin

10 th ERRA ENERGY INVESTMENT AND REGULATION CONFERENCE. Regulation on long-term capacity market. Denis Milyutin Deputy Director of the Department for regulation in electricity sector, FTS of Russia. St-Petersburg May 17, 2011. New model of capacity market.

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Denis Milyutin

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  1. 10th ERRA ENERGY INVESTMENT AND REGULATION CONFERENCE Regulation on long-term capacity market Denis Milyutin Deputy Director of the Department for regulation in electricity sector, FTS of Russia St-Petersburg May 17, 2011

  2. New model of capacity market Law “On electric power”: Capacity is a special commodity Rules of the wholesale power and capacity market are set by a Decree of the Government of the Russian Federation 01.07.08 Transitional period 2011 Long-term model 2016 For 1 year period For 4 years ahead • Capacity price for generatorsaccording to • the results of CCT • the non-regulated contracts (NRC) • capacity delivery contracts (CDC) prices • regulated prices Price for capacity for generators according to the results of competitive capacity take-off (CCT) According to free agreements Scope of capacity supply at free prices - the share determined by the Government Scope of capacity supply at free prices (CCT + NRC) - all except households (at regulated prices) = Regulated tariff > Payment for the entire capacity Only taken-off capacity payment

  3. Market map Non-price areas, geographically isolated systems Europe price zone– 22 free capacity transfer zones Zones without price-cap: Centre, the Urals Siberia price zone– 7 free capacity transfer zones

  4. Types of Regulated Prices • For supply to - household sector • - consumers in the areas with specific • pricing (until 2015) 35% of power and capacity generation scope ≤ Forced/most expensive 15 (10) % Most expensive Only for day-ahead market Not taken-off capacity Decommissioning CCT price When it is impossible: Not satisfied with technical requirements Government commission Forced generator CDC, NPP and HPP Demand Ministry of Energy • NPP/HPP: security charge; • investments charge; • new plants

  5. From1 Jan.2007 From 1 Jan. 2008 From 1 Jan. 2009 From 1 Jan. 2010 From1Jul. 2007 From 1 Jul. 2008 From 1 Jul. 2009 From 1 Jul. 2010 Liberalization and price regulation The structure of the physical scope of the capacity supplied by the generators 2011 Transitional period Long-term model 80% 60% Others in zones with price-cap at regulated prices 50% CDC Forced/ most expensive New NPP/HPP NPP/HPP charges Households sector supply 30% 25% 15% 10% 5% at free prices power capacity

  6. 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 CCT FAS of Russia

  7. 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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