EconPapers    
Economics at your fingertips  
 

THEORETICAL ASPECTS OF THE PREDICTIONAL INSTRUMENTATION FOR APPLICATION IN THE STATE REGULATION OF THE PARTICIPANTS RELATIONSHIPS IN THE ELECTRICITY MARKET

Anastasiia Koliesnichenko ()
Additional contact information
Anastasiia Koliesnichenko: Department of Accounting and Analysis, National Technical University "Kharkiv Polytechnic Institute", Ukraine

Baltic Journal of Economic Studies, 2017, vol. 3, issue 2

Abstract: The article presents the problems of current trends in the development of the electric power industry in conditions of increasing capital concentration, informing the economy and increasing the dynamics of the movement of significant amounts of cash flows which require a permanent analysis of the current situation and the necessary adjustment and / or modification of the parameters for the regulation of energy markets. From this article it can be concluded that the task of constructing forecasts acquires high relevance in many subject areas. It is an integral component of the daily work of modern social and economical systems. The interrelations of the subjects of the electric energy market are the one of the its most important institutions. The purpose of this article is to study the theoretical basis for the adaptive application of forecasting methods in the functioning of energy markets. In order to avoid the dominance of commercial interests of certain groups of participants in the energy market, the emergence of price distortions in the market that have a destructive effect on obtaining potential benefits from the introduction of competitive mechanisms, the key to finding the most effective and economical way to solve these problems is the use of systemic regulation of emerging deviations in achieving target milestones especially in the context of reform. The informational and analytical support formation for the performance of the functions assigned to the regulatory apparatus requires the use of forecasting methods and approaches to preserve the dynamic development of the electric energy market and to maintain the balance of interests of all its subjects in the conditions of reform. The article uses a number of methods: classification and systematization in the analysis of scientific methods for forecasting and planning social and economic processes, logical generalization when reviewing existing modeling methods and assessing their effectiveness in the energy markets, the use of a constructive approach in the study of factors affecting the resulting index. Finally the obtained theoretical and scientifically applied results of the research make it possible to formulate the necessary theoretical and methodological basis for improving the instrumental basis for modeling the relationships between the subjects of the electric energy market, which can be used in forecasting in the field of regulation of phenomena and processes in the energy markets.

Keywords: the regulation; energy market; energy market participants; forecasting methods (search for similar items in EconPapers)
JEL-codes: C3 C53 P18 Q4 Q48 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.baltijapublishing.lv/index.php/issue/article/view/176/182 (application/pdf)
http://www.baltijapublishing.lv/index.php/issue/article/view/176 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2017:3:2:8

DOI: 10.30525/2256-0742/2017-3-2-59-65

Access Statistics for this article

Baltic Journal of Economic Studies is currently edited by Anita Jankovska, Managing Editor

More articles in Baltic Journal of Economic Studies from Publishing house "Baltija Publishing"
Bibliographic data for series maintained by Anita Jankovska ().

 
Page updated 2025-03-19
Handle: RePEc:bal:journl:2256-0742:2017:3:2:8