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The effect of renewable energy sources on the global power industry

Author

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  • Lanshina T.

    (Gaidar Institute for Economic Policy)

Abstract

The global power market is undergoing an important transformation. Successful development of technologies of renewable energy sources (RES) and even a complete switchover of individual countries to those technologies is no longer a technical or economic problem. Some cities, regions and even countries have already set a goal to switch over completely or partially to RES. In the near future, in the power industry the existing trends are expected to consolidate: prices on RES technologies are going to depreciate and the share of RES in the power sector is bound to rise. In Russia, no radical changes on the power market are expected so far: in accordance with the officially approved plan only 6 GW of new REC power stations which are going to ensure 4.5% of the country’s entire power consumption will be built in Russia by 2024

Suggested Citation

  • Lanshina T., 2016. "The effect of renewable energy sources on the global power industry," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 43-45, September.
    • Handle: RePEc:gai:recdev:recdev-2016-9-723
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    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian Industry; Russian Economy;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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