Состояние и перспективы инвестиционной деятельности в постреформенной электроэнергетике
The paper analyzes the effectiveness of balancing the interests of power consumers and
suppliers by the market mechanisms appeared after the power sector reform as well as their
ability to from the rational investment behavior of the generating companies (GenCos).
Special attention is paid to the heterogeneity of financial situation in power generation,
where differences in profitability of GenCos create risks for their stable development and
start of their assets modernization that was delayed for the last 15–20 years. The lack of
competitive mechanisms for the proper investment signals and risks of existing regulatory
mechanisms guaranteeing the return on investments are also discussed. The paper presents
requirements for the integrated assessment of economic consequences of the market devel
opment scenarios taking into account the growth of new competitive area in energy supply
based on the distributed generation sources.