MODELS OF ORGANIZATION OF ECONOMIC RELATIONS IN THE ENERGY SECTOR. VERTICALLY INTEGRATED MODEL

A series of reforms of the sector in the 1990-ies and the global restructuring of the electricity industry in 2003-2006 led to the disappearance of its former monopolistic vertically integrated structure. The main result of many years of transformation was the emergence of a competitive wholesale electricity market and attracting investments in the construction of generating capacity.The main models of organization of economic relations in the energy sector, each characterized by certain features and areas of competition.