Formation of the price mechanism for energy resources in Russia and the countries of the European union

Olga Ergunova, Vladislav Lizunkov, Viktor Blaginin, Ekaterina Politsinskaya, Olga I. Shaykina

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

The current research focuses on the solution to the challenge of finding balance in different energy resources pricing trends. Our research shows that increase in gas price leads to corresponding growth in electricity cost, but the effect of replacement has not occurred yet. The burden on population is growing as cross-subsidization is gradually being canceled in order to increase the production competitiveness. It has been found out that households in Russia pay less nowadays than in the USSR, less than Europeans for gasoline, electricity and diesel at present. If we bring the cost of electricity in proportion to the corresponding level of the Soviet time, it will cost about 0.1825 € per kWh, which quite corresponds to European prices and newly confirms the validity of the author’s calculations. Two theoretically possible directions for the development of Russian energy system based on innovations in energy consumption and production have been defined.

Original languageEnglish
Pages (from-to)122-127
Number of pages6
JournalInternational Journal of Energy Economics and Policy
Volume8
Issue number1
Publication statusPublished - 1 Jan 2018

    Fingerprint

Keywords

  • Competitiveness of production
  • Direction of development
  • Energetics
  • Energy supplies
  • European union
  • Price

ASJC Scopus subject areas

  • Energy(all)
  • Economics, Econometrics and Finance(all)

Cite this