Subject The article deals with the problems of careful selection of investment projects that form the investment programs of regional electric utilities to enhance the investment attractiveness. Objectives The article aims to develop and propose a project selection procedure in the investment programs of the companies in the regional electricity market. Also, it aims to propose policy advices to determine the needs of electricity market segments in network capacity, establish the relative importance of the characteristics of the investment project, rate projects for priority inclusion in the investment program. Methods For the study, I used an integrated methodology based on systems, structural and process approaches. Statistical, graphical, factor, and comparative methods are the main methods of study. Results The paper presents a methodology for selecting projects in the investment programs of the companies in the regional electricity. It may provide an opportunity to assess the investment needs identifying the priority areas. Conclusions The appropriateness of including a particular project in the investment program is the most effective implementation of all the objectives defined by the company's management and the strategy for the development of the region's electric grid complex, which requires a multipurpose optimization of the investment program methodology.
Lyul'chak V. [A culture of electric power demand]. EnergoRynok, 2015, no. 6, pp. 70–72. (In Russ.)
Khanaev V. [Management of the demand for electricity in the future base-load provision]. EnergoRynok, 2009, no. 3, pp. 39–42. (In Russ.)
Hummel J.M. Supporting Medical Technology Development with the Analytic Hierarchy Process. Netherlands, Groningen, Rijksuniversiteit Groningen, 2001. URL: Link
Romanov V.V., Ablitsova M.Yu. [Economic-organization mechanism of creation investment program for electro-network enterprises]. Vestnik Orenburgskogo gosudarstvennogo universiteta = Vestnik of Orenburg State University, 2012, no. 13, pp. 298–302. (In Russ.)
Sannikov A.A., Khalikova M.A. [Methodological approaches to the formation of an investment program for the oil and gas company]. Elektronnyi nauchnyi zhurnal “Neftegazovoe delo”, 2012, no. 6, pp. 552–565. (In Russ.) URL: Link
Mel'nikova I.Yu., Stepanov I.G. [The model of forming of investment program of enterprise]. Vestnik Tomskogo gosudarstvennogo universiteta = Tomsk State University Journal, 2008, no. 316, pp. 130–134. (In Russ.) URL: Link
Antonov N., Lukina A. [Methodological approaches to energy demand forecasting]. EnergoRynok, 2013, no. 9, pp. 32–39. (In Russ.)
Gitel'man L.D., Ratnikov B.E., Kozhevnikov M.V. [Demand-side management for energy in the region]. Ekonomika regiona = Economy of Region, 2013, no. 2, pp. 71–77. (In Russ.) URL: Link
Aguaron J., Escobar M.T., Moreno-Jiménez J.M.Consistency Stability Intervals for a Judgment in AHP Decision Support Systems. European Journal of Operational Research,2003, vol. 145, iss. 2, pp. 382–393. doi: 10.1016/S0377-2217(02)00544-1
Bhushan N., Rai K. Strategic Decision Making: Applying the Analytic Hierarchy Process. London, Springer-Verlag, 2004, 172 p. doi: 10.1007/b97668
Figueira J.R., Greco S., Ehrgott M. (Eds). Multiple Criteria Decision Analysis: State of the Art Surveys. New York, Springer-Verlag, 2005, 1048 p. doi: 10.1007/b100605
Korshunov Yu.V., Sokolovskii V.A. [Innovative approaches to choosing the direction of the investment development of an internetwork company]. Energoekspert, 2009, no. 3, pp. 63–65. (In Russ.) URL: Link
Saaty T.L. The Analytic Hierarchy Process. New York, McGraw Hill, 1980, 281 p.
Barykin S.E. [Process of forming the electricity distribution company investment program]. Audit i finansovyi analiz = Auditing and Financial Analysis, 2006, no. 1, pp. 142–158. (In Russ.)
Saaty T.L.Axiomatic Foundation of the Analytic Hierarchy Process. Management Science, 1986, vol. 32, iss. 7, pp. 841–855. doi: 10.1287/mnsc.32.7.841
Korshunov Yu.V., Sokolovskii V.A. [Plannig the investment programs of electric companies based on the electrical load forecasting system]. Energoekspert, 2009, no. 1, pp. 78–80. (In Russ.) URL: Link
Saaty T.L., Vargas L.G.Decision Making with the Analytic Network Process: Economic, Political, Social and Technological Applications with Benefits, Opportunities, Costs and Risks. New York, Springer, 2006, 363 p. doi: 10.1007/978-1-4614-7279
Lipovetsky S., Conklin W.M. Robust Estimation of Priorities in the AHP. European Journal of Operational Research, 2002, vol. 137, iss. 1, pp. 110–122. doi: 10.1016/S0377-2217(01)00071-6