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Trends in the Development of the Global Energy Market

Author

Listed:
  • Irina A. Firsova

    (Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Dinara G. Vasbieva

    (Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Aleksandr V. Litvinov

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

  • Oxana E. Chernova

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

  • Irina V. Telezhko

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

Abstract

In recent years, there have been some natural and human-made disasters and severe social clashes in globally important energy regions, which has had a negative impact on the environment in general and on the development of the energy market in particular. Therefore, the development of the modern energy industry is aimed at the broad involvement of renewable energy sources (RES) in the energy balance of the world's advanced countries. At the EU level, particular attention is given to increasing the proportion of RES in total energy consumption to 12% with the installed capacity of solar photovoltaic (PV) systems up to 3 GW. The purpose of our study is to propose a mathematical model of the electricity generation processes in renewable solar and wind energy systems by methods of the theory of impulsive, random processes as well as recommendations for the development of RES based on the analysis of the trends in consumption and production of energy resources, their supply-demand proportion, and a model for the development of the energy market. Our findings show that the proposed model will allow to optimize the structure and create adaptive energy systems of RES.

Suggested Citation

  • Irina A. Firsova & Dinara G. Vasbieva & Aleksandr V. Litvinov & Oxana E. Chernova & Irina V. Telezhko, 2019. "Trends in the Development of the Global Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 59-65.
    • Handle: RePEc:eco:journ2:2019-03-7
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    References listed on IDEAS

    as
    1. Irina A. Firsova & Dinara G. Vasbieva & Andrey V. Losyakov & Viktoriia S. Arhipova & Andrey A. Pavlushin, 2018. "Development of Active Consumer Concept on Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 8-13.
    2. Doukas, Haris & Marinakis, Vangelis & Karakosta, Charikleia & Psarras, John, 2012. "Promoting renewables in the energy sector of Tajikistan," Renewable Energy, Elsevier, vol. 39(1), pages 411-418.
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    Cited by:

    1. Dewi Mustikaningsih & Martha Fani Cahyandito & Umi Kaltum & Sri Sarjana, 2019. "Building Business Performance through Partnership Strategy Model: Evidence from Renewable Energy Industry in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 297-307.

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    More about this item

    Keywords

    energy consumption; active consumer; energy market; electric power industry; tariffs.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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