Особености на продукта и на елементите на електроенергийния пазар
Product features and electricity market elements

Author(s): Nevena Petrova
Subject(s): Economy
Published by: Икономически университет - Варна
Keywords: electricity; electricity market; Energy and water regulatory commission
Summary/Abstract: This paper aims to discuss the electricity in terms of its characteristics defining it as a product or service and to look at the interconnected elements of the electricity market under liberalization conditions. In the course of the theoretical overview, the view is reached that electricity can be regarded both as a product and as a service, since, on the one hand, generation and consumption of electricity coincide at a time, and it gives it the features of a service and, on the other hand, is a product of electricity generation that classifies it as a commodity. The study also addresses the interconnected elements of the electricity market, defined in the Electricity Trading Rules of the Energy and water regulatory commission, which are limited to: electricity market through bilateral contracts concluded outside the electricity market; stock market of electricity; balancing energy market; and the market for the provision of interconnection capacity.

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