On the Key Issues of the Contemporary Russian Electric Power Market

Valentin Ya. Afanasyev () and Vitaly V. Kuzmin ()

Economics of Contemporary Russia, 2018, issue 3

Abstract: Proposed the analysis of key issues of the contemporary Russian fuel and power market. The urgency of its consideration is determined by the fact, that the complex of measures to reconstruct the economic relations in order to form the conditions for competition leading to noticeable increase of the efficiency of entrepreneurship has not been realized until now. In comparison with the “pre-reform†period (till 1990–1991) many important indicators that characterized the branch efficiency showed negative dynamics. There are serious problems in the contemporary Russian fuel and energy market, and they exert noticeable negative influence on its efficiency. The analysis of these problems is based on the evaluation of its characteristics’ correlation, mechanisms and procedures, characterizing the contemporary markets with developed completion conditions. It is structured along the following directions: institutional factors and possibilities of free competitive entrepreneurship; the role of government authorities in supporting conditions of competitive subjects interactions; consumers` sovereignty (role); conditions and mechanisms of their competitive behavior; problems connected with the lapses in information technological basis; long discussed problems, that have not found the practical solution. The conclusions were made, that Russia has not yet managed to accomplish the reforms in electric power sector and create the conditions for free completion and increase of efficiency of production process, transmission and consumption of electric power on the base of competitive procedures and stimuli. In these conditions, after almost decades of “running-in†the mode, started in 2005–2008, it is necessary to implement additional complex of measures to create the conditions in the market.

Date: 2018
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