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A review of electricity markets and reforms in Russia

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  • Letova, Ksenia
  • Yao, Rui
  • Davidson, Mikhail
  • Afanasyeva, Ekaterina

Abstract

The power industry in Russia has undergone one of the most ambitious reform programs implemented in the world. This paper reviews the background, targets, and measures taken in the major stages of the reform, outlines the current state of the Russian power sector and analyzes the results of the reform. It is concluded that given the current economic situation to provide large investments, Russian authorities had to undertake some market intervention, which had some side effects on the competitiveness of the market. By 2018, the urgent need for the investment was removed. The authorities have improved some important regulations, while some of the key non-market mechanisms are still maintained.

Suggested Citation

  • Letova, Ksenia & Yao, Rui & Davidson, Mikhail & Afanasyeva, Ekaterina, 2018. "A review of electricity markets and reforms in Russia," Utilities Policy, Elsevier, vol. 53(C), pages 84-93.
    • Handle: RePEc:eee:juipol:v:53:y:2018:i:c:p:84-93
    DOI: 10.1016/j.jup.2018.06.010
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    References listed on IDEAS

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    1. Kuleshov, Dmitry & Viljainen, Satu & Annala, Salla & Gore, Olga, 2012. "Russian electricity sector reform: Challenges to retail competition," Utilities Policy, Elsevier, vol. 23(C), pages 40-49.
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    6. Nadia Chernenko, 2013. "The Russian Electricity Supply Industry: from Reform to Reform?," Cambridge Working Papers in Economics 1342, Faculty of Economics, University of Cambridge.
    7. Nadia Chernenko, 2013. "The Russian electricity supply industry: from reform to reform?," Working Papers EPRG 1319, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
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    Cited by:

    1. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    2. Yang, Xue & Xu, He & Su, Bin, 2022. "Factor decomposition for global and national aggregate energy intensity change during 2000–2014," Energy, Elsevier, vol. 254(PB).
    3. Avdasheva, Svetlana & Orlova, Yulia, 2020. "Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids," Energy Policy, Elsevier, vol. 138(C).
    4. Karimi, Ali & Tarashandeh, Nader & Kouchakzadeh, Amirmasoud & Kouchakmohseni, Farshad & Naghiloo, Mitra, 2022. "Iran's day-ahead electricity market: Structural assessment and solutions," Utilities Policy, Elsevier, vol. 75(C).
    5. Sibeperegasam, Mahesvaran & Ramachandaramurthy, Vigna Kumaran & Walker, Sara & Kanesan, Jeevan, 2021. "Malaysia’s electricity market structure in transition," Utilities Policy, Elsevier, vol. 72(C).
    6. Kilinc-Ata, Nurcan & Proskuryakova, Liliana N., 2023. "Empirical analysis of the Russian power industry's transition to sustainability," Utilities Policy, Elsevier, vol. 82(C).
    7. Dina A. Zaki & Mohamed Hamdy, 2022. "A Review of Electricity Tariffs and Enabling Solutions for Optimal Energy Management," Energies, MDPI, vol. 15(22), pages 1-17, November.

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