Digitalization of Electricity Suppliers’ Activities in the Arctic Zone

L. N. Babkina, O. V. Skotarenko, E. S. Kuznetsova and E. S. Khatsenko
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L. N. Babkina: Branch of the Russian Presidential Academy of National Economy and Public Administration attached to the President of the Russian Federation
O. V. Skotarenko: Murmansk Arctic State University
E. S. Kuznetsova: Murmansk State Technical University
E. S. Khatsenko: Chair of Youth Department Murmansk Region

A chapter in Challenges and Solutions in the Digital Economy and Finance, 2022, pp 439-450 from Springer

Abstract: Abstract The article presents a case study of a big company operating in the Russian Arctic Zone to explain the need for digitalization of communication between energy resource suppliers and customer markets. Currently, the main way of communication between the energy supplier in question and its customer markets is contractual relations. Their timeliness and quality are becoming particularly important, especially for big businesses. The quality of a resource supply contract directly affects the completeness of the resource supply and performance of the schedule agreed in the contract. Contract performance directly influences the financial and economic performance of the company and, consequently, its competitiveness on customer markets. A contract as a main communication tool is the critical legal instrument, regardless of the annual number and scope of contracts. It applies to various contracts, from several big orders for companies (enterprises) on sectoral customer markets to tens of thousands on a consumer market reaching individuals and households.

Keywords: Digitalization; Arctic zone; Communicative interaction; Client market; Electric power resources (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-14410-3_46

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DOI: 10.1007/978-3-031-14410-3_46

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