Analysis of competitiveness: energy sector and the electricity market in Russia

Evgeny Lisin, Yulia Marishkina, Wadim Strielkowski and Dalia Streimikiene

Economic Research-Ekonomska Istraživanja, 2017, vol. 30, issue 1, 1820-1828

Abstract: This study provides an overview and conducts a thorough analysis of the current state and development trends of the energy sector in a competitive electricity market in Russia. It scrutinises and outlines the most probable scenarios and outcomes of the innovative development on the electricity market and describes the possible changes. Moreover, a comprehensive study of technology foresight methods that allows one to draw parametric models of the development in the technological industry is undertaken. The results indicate that, in the medium- and long-run, one can identify economic inefficiency and uncontrollability of the existing Russian energy sector as well a clear disharmony with the selected energy strategy. Thence, it is necessary to rely on economic innovations in order to develop predictive models for managing productive development of the industry in a competitive energy market.

Date: 2017
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DOI: 10.1080/1331677X.2017.1392887

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