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The Reform of the Russian Power Sector: The Rhetoric and Reality

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  • Louis Skyner

Abstract

As a result of reforms in the Russian power sector, vertically integrated monopolies have been broken up, generation companies privatised, and a competitive electricity market introduced. This article discusses the key acts of the reform, the political and economic circumstances in which it has been enacted, and the challenges being confronted. These include, in particular, the impact of the financial crisis and the structural weaknesses it has exposed, the changing relationship between the gas and electricity market, the understanding of ‘market competition’ and pricing held by key actors, the problems caused by adhering to pre-determined targets, and the imperative of ensuring a ‘socially responsible’ transition.

Suggested Citation

  • Louis Skyner, 2010. "The Reform of the Russian Power Sector: The Rhetoric and Reality," Europe-Asia Studies, Taylor & Francis Journals, vol. 62(8), pages 1383-1402.
    • Handle: RePEc:taf:ceasxx:v:62:y:2010:i:8:p:1383-1402
    DOI: 10.1080/09668136.2010.504388
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    Cited by:

    1. 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).
    2. Tsatsos, Aristidis, 2012. "Die Liberalisierung des russischen Gassektors: 3 Szenarios? [The liberalisation of the Russian gas sector: 3 scenarios?]," MPRA Paper 44623, University Library of Munich, Germany.

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