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Possible Effects of Sanctions on the Components of the Electricity Price

Возможные эффекты санкций для составляющих цены на электроэнергию в России

Eugenia M. Miller
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Eugenia M. Miller: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2022, issue 12, 28-32

Abstract: The sanctions imposed against Russia in the spring of 2022 can affect the growth of electricity prices, both for industrial consumers and for the population, through several channels: through higher prices for gas, coal and diesel fuel; through higher prices for equipment and technology; through acceleration of inflation. Under current conditions it seems reasonable to limit the growth of prices by reducing or completely excluding from the wholesale electricity price the mark-ups related to interregional and inter-branch subsidies. The research was conducted as part of the grant «Territorial and Sectoral Leadership» of the federal program «Priority 2030» received by RANEPA in 2021 («Preparation of expert and analytical materials containing proposals for developing approaches to transforming the mechanisms of direct and indirect subsidies in the Russian fuel and energy complex in the context of the global energy transition»).

Keywords: electricity prices on the retail market; influence of the sanctions; capacity provision agreement (search for similar items in EconPapers)
JEL-codes: L11 L94 (search for similar items in EconPapers)
Date: 2022
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