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The Russian Electricity Supply Industry: from Reform to Reform?

Author

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  • Nadia Chernenko

Abstract

The paper looks at the development of the industry in the post-Soviet Russia, starting from the early 1990s. The main focus is on the last reform 2003-11 and the relationship of cost, prices and investment. In particular, the author examines the new designs for the electricity and capacity markets and their impact on incentives for short-run production and long-term planning and construction. The author defends the pro-competitive approach to the electricity industry reform in Russia and traces the roots of its success and failures.

Suggested Citation

  • Nadia Chernenko, 2013. "The Russian Electricity Supply Industry: from Reform to Reform?," Cambridge Working Papers in Economics 1342, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:1342
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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1342.pdf
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    References listed on IDEAS

    as
    1. Xu Yi-Chong, 2004. "Electricity Reform in China, India and Russia," Books, Edward Elgar Publishing, number 3200.
    2. Pollitt, Michael G., 2012. "The role of policy in energy transitions: Lessons from the energy liberalisation era," Energy Policy, Elsevier, vol. 50(C), pages 128-137.
    3. Gore, Olga & Viljainen, Satu & Makkonen, Mari & Kuleshov, Dmitry, 2012. "Russian electricity market reform: Deregulation or re-regulation?," Energy Policy, Elsevier, vol. 41(C), pages 676-685.
    4. Michael G. Pollitt, 2009. "Electricity Liberalisation in the European Union: A Progress Report," Working Papers EPRG 0929, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    5. Opitz, Petra, 2000. "The (pseudo-) liberalisation of Russia's power sector: the hidden rationality of transformation," Energy Policy, Elsevier, vol. 28(3), pages 147-155, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Chernenko, Nadia, 2015. "Market power issues in the reformed Russian electricity supply industry," Energy Economics, Elsevier, vol. 50(C), pages 315-323.
    2. Summanen, Tuomo & Arminen, Heli, 2018. "Ownership unbundling in electricity distribution: The Russian experience," Energy, Elsevier, vol. 161(C), pages 1199-1210.
    3. Tooraj Jamasb & Rabindra Nepal & Govinda Timilsina & Michael Toman, 2014. "Energy Sector Reform, Economic Efficiency and Poverty Reduction," Discussion Papers Series 529, School of Economics, University of Queensland, Australia.
    4. Nadia Chernenko, 2013. "Market power issues in the reformed Russian electricity supply industry," Cambridge Working Papers in Economics 1358, Faculty of Economics, University of Cambridge.
    5. Letova, Ksenia & Yao, Rui & Davidson, Mikhail & Afanasyeva, Ekaterina, 2018. "A review of electricity markets and reforms in Russia," Utilities Policy, Elsevier, vol. 53(C), pages 84-93.

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    More about this item

    Keywords

    Russian Electricity Industry; RAO EES; reform 2003-11; restructuring; market liberalisation; capacity markets;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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