Advanced Search
MyIDEAS: Login to save this paper or follow this series

The CIS Common Electric Power Market


Author Info

  • Vinokurov, Evgeny


Trade in electric power and mutual investments are at a low level and do not correspond with the sector’s potential. The CIS is a net exporter of electric power, but the actual volumes of import and export are small. CIS countries are capable of more, having large coal and gas reserves with huge potential for energy production, vast hydropower potential, and competitive advantage in power engineering. In spite of the considerable revival during recent years, mutual investments remain at a low level and are characterised by a one-sided structure. Power markets (power industry, hydrocarbons, coal, uranium) are specific: it is necessary to combine a complex approach to fuel and energy balance with functional integration in these unique markets. In the 2000s, the EurAsEC began work on creating a common power market (CPM). It goes without saying that, at the level of conception, power markets must be regarded as interrelated, which allows the implementation of the principle of comparative advantages in the process of integrating different countries. Alongside this, power industries may form separate markets with their own specific regulations. The idea of a common power market, which is the basis of the systematic work of the EurAsEC, inadequately reflects the peculiarities of the power industry. In our opinion, the subject that should be considered is the creation of a number of common markets, such as: an electric power market, an oil and gas market, and a coal market. The creation of a uranium market may then follow. In spite of their evident dependence on each other, each of these markets is very specific and consequently should be regulated independently Creating a common power market entails a number of solvable problems. The completion of the liberalisation of the Russian market, which is the biggest, networked market of the CIS, is one of the most important preconditions for the development of a common power market. In general, the integration of the power market is dependant on the institutional peculiarities of the national electric-power industry in the key countries. Despite this, if an optimal regulative environment is established, a common power market can still be created even with the preservation of a considerable presence of public companies in the generation and distribution of energy. Advancement towards a continental Eurasian common power market is economically rational. Russia and its neighbours are interested in Eurasian integration, which would not be constrained by the boundaries of the post-Soviet space. The very logic of a CPM urges us to go beyond the boundaries of the post-Soviet area. Russia and Kazakhstan are keen promoters of the CPM, as are a number of other CIS countries including Armenia, Azerbaijan, Kyrgyzstan, Tajikistan, Uzbekistan, Turkmenistan, Ukraine and Belarus. Practically all of the CIS countries could gain real advantages as exporters and transmitters of electric power if real electric energy market mechanisms are introduced, thereby dealing with countries of Eurasia such as China, Iran, India, Turkey and EU countries. A CPM for Eurasia would develop gradually, founded on a number of bi- and multilateral agreements.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20910.

as in new window
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:pra:mprapa:20910

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page:
More information through EDIRC

Related research

Keywords: post-Soviet space; electric power market; economic integration;

Find related papers by JEL classification:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Libman, Alexander & Vinokurov, Evgeny, 2010. "Is it really different? Patterns of regionalization in the post-Soviet Central Asia," MPRA Paper 21062, University Library of Munich, Germany.
  2. Libman, Alexander & Vinokurov, Evgeny, 2010. "Holding together regionalism and the interaction of functional bureaucracies," MPRA Paper 23217, University Library of Munich, Germany.
  3. Vinokurov, Evgeny & Dzhadraliyev, Murat & Shcherbanin, Yuriy, 2009. "The EurAsEC Transport Corridors," MPRA Paper 20908, University Library of Munich, Germany.
  4. Libman, Alexander & Vinokurov, Evgeny, 2010. "Regional integration and economic convergence in the post-Soviet space: Experience of the decade of growth," MPRA Paper 21594, University Library of Munich, Germany.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:20910. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.