Promotion of Investments in the Technological Renewal of the Thermal Power Industry

Abstract

The article considers the consequences of various price decision scenarios to promote investments in the technological renewal of the Russian thermal power industry. It is shown that in the context of the balance of interests of the industry and consumers, flexible control of the marginal price level in a competitive capacity market and its segmentation with allowance for the expected growth of gross revenue in the thermal power industry is preferable to the transition to marginal pricing for electricity and power based on the economic return from new power plants.

Repowering Industrial Combined Heat and Power Units: a Contribution to Cleaner Energy Production

“…Repowering of an existing thermal power plant (TPP) or an industrial combined heat and power unit (CHP) can be performed on various degrees of complexity, and it may require extensive investment associated with the replacement of one or several key obsolete components [28]. Reasons for repowering include the need to prolong the lifetime of an existing plant [29], which is less costly than constructing a new one, to cut down fuel costs and other operational expenses [30], and to decrease its impact on the environment [24,31].…”