New Technology Adoption for Russian Regional Energy Generation: Moscow Case Study
AbstractRussia is frequently referred to as a country with sufficient energy efficiency and renewable energy potential [2, 3]. Although an improvement has been shown (energy-GDP ratios were improved by 35% between 2000-2008 ), the contribution of technological progress is estimated to account for only 1% of the energy-GDP ratio reduction, the existing share of renewable energy sources (RES) based electricity generation is estimated at 0.1%. Analysis shows that regional and federal levels of governance in Russia are missing efficient mechanisms for stimulation of energy saving, technological development  and RES deployment. This research aims to develop an analytical tool for energy sector economic analysis for technological development planning to support policy decision making. The paper adapts the levelized cost of energy (LCOE) methodology of Wagner and Foster , which has been upgraded to facilitate combined energy generation processes, to examine the cost structures associated with energy system and applies it to a Russian regional case study. The model run for two fuel price scenarios allowed us to conclude that the regional energy supply system is dependent on natural gas price. We conclude that new and RES based technologies become cost-effective for electricity generation as domestic natural gas prices reach parity with export prices. However, strong political and financial support is needed to boost technological development and RES application.
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Bibliographic InfoPaper provided by School of Economics, University of Queensland, Australia in its series Energy Economics and Management Group Working Papers with number 4-2013.
Date of creation: Apr 2013
Date of revision:
Russian Electricity Sector; Levelised Cost of Energy; Electricity Generation;
Find related papers by JEL classification:
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-04-27 (All new papers)
- NEP-CIS-2013-04-27 (Confederation of Independent States)
- NEP-ENE-2013-04-27 (Energy Economics)
- NEP-TRA-2013-04-27 (Transition Economics)
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