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 language | English |
|---|---|
| Pages (from-to) | 122-127 |
| Number of pages | 6 |
| Journal | International Journal of Energy Economics and Policy |
| Volume | 8 |
| Issue number | 1 |
| Publication status | Published - 1 Jan 2018 |
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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
Formation of the price mechanism for energy resources in Russia and the countries of the European union. / Ergunova, Olga; Lizunkov, Vladislav; Blaginin, Viktor; Politsinskaya, Ekaterina; Shaykina, Olga I.
In: International Journal of Energy Economics and Policy, Vol. 8, No. 1, 01.01.2018, p. 122-127.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Formation of the price mechanism for energy resources in Russia and the countries of the European union
AU - Ergunova, Olga
AU - Lizunkov, Vladislav
AU - Blaginin, Viktor
AU - Politsinskaya, Ekaterina
AU - Shaykina, Olga I.
PY - 2018/1/1
Y1 - 2018/1/1
N2 - 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.
AB - 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.
KW - Competitiveness of production
KW - Direction of development
KW - Energetics
KW - Energy supplies
KW - European union
KW - Price
UR - http://www.scopus.com/inward/record.url?scp=85041008113&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85041008113&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85041008113
VL - 8
SP - 122
EP - 127
JO - International Journal of Energy Economics and Policy
JF - International Journal of Energy Economics and Policy
SN - 2146-4553
IS - 1
ER -