| Abstract [eng] |
Electricity is a vital product to the entire country's economy and society. Once having a sufficient degree of competition, liberalized market can guarantee the optimal allocation of economic goods to the society. Liberal framework of the electricity market is a customer's right to choose their electricity supplier and price. In electricity market appears competition and that is always better than the cost of regulation principle and this allows manage electricity production and supply more efficiently. Aim: To evaluate impact of Lithuania market liberalization to electricity prices. Object: electricity market. Tasks: 1) To provide theoretical aspects of electricity market liberalization; 2) To execute the analysis of the electricity market opening in the European Union; 3) To execute the analysis of the electricity market liberalization process in Lithuania; 4) To examine the technical-economic opportunities of trading electricity to Latvia, Estonia, Russia, Scandinavia and the European Union; 5) To forecast electricity price in Lithuania liberalized market. The Work consists of three parts. In the first part theoretical justification of electrical energy market opening is made: the disclosure of the electricity market characteristics is examined, the possible electricity market models of various authors are overviewed, the nature of energy regulation and the importance is provided and the formation of different pricing strategies is analyzed and summarized. In the second part the analysis in the electricity sector is carried out: firstly the EU's policy and legislations of electricity market liberalization are analyzed, as well as the situation of Lithuania electricity market opening in terms of implementation is examined. In the third part of the work are carried out the study of impact to electricity prices after the market liberalization in Lithuania as well as. The technical-economical opportunities of the electricity commerce to Latvia, Estonia, Russia, Scandinavia and Poland markets are examined and expected trade scenarios and possible electricity price in Lithuanian is modeled. Work consists from introduction, 3 parts of exposition, 26 tables, 29 figures, 86 references, 2 annexes. Work consists of 83 pages in total. |
