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The conclusion of the paper suggests same generalization in this important area.Power system; Generation; Transmission; Expansion; Planning market approaches Expansion planning in electric power industry is a multi-stage process, where the decisions made at the previous stages are specified at each subsequent stage.Visit for more related articles at Global Journal of Technology and Optimization The paper gives an overview of the latest results in the development of the development of the methodology for expansion planning of electric power industry, electric power systems and companies in the market environment.The prerequisites of the market methodology are analyzed.In the 1980s and early 1990s many countries recognized that it was reasonable to use the market mechanisms in their electric power industry and had some euphoria over the almighty “invisible hand” of the market.There was an opinion concerning the problems of electric power industry development that the market mechanisms would give the necessary economic signals for the expansion of both generating capacities and electric networks.Are you about to make an International long distance phone call to Irkutsk, Russia?Are you planning a trip or preparing for a chat or online meeting? We work hard to make certain the time and information presented here on World Time is accurate and do our best to keep up with Daylight Saving Time rules and Time Zone changes for every country, not just the changes that affect Irkutsk, Russia.

The Institute was founded in 1960 on the base of the Irkutsk Magneto-Ionospheric Station and Irkutsk Bureau of Radio Forecast.

The base for the Station was the Magneto-Meteorological Observatory founded in 1885-1886.

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The market approaches in generation and transmission networks are presented.

The main principles of the holistic power system expansion planning are given.

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