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Improving the economic performance of Russia s energy system based on the development of alternative energy sources

Author

Listed:
  • Sergey O. Chikunov

    (Veteran in Electric Energy Sector, Peoples Friendship University, I.M. Sechenov First Moscow State Medical University, Moscow, Russian Federation,)

  • Olga N. Gutsunuk

    (State Center Interphysica, Moscow, Russian Federation,)

  • Marina I. Ivleva

    (Plekhanov Russian University of Economics, Moscow, Russian Federation)

  • Isabella D. Elyakova

    (M.K. Ammosov North-Eastern Federal University, Yakutsk, Russian Federation,)

  • Irina V. Nikolaeva

    (M.K. Ammosov North-Eastern Federal University, Yakutsk, Russian Federation,)

  • Maksim S. Maramygin

    (Ural State Economic University, Yekaterinburg, Russian Federation.)

Abstract

An upward trend in conventional energy consumption and the exhaustibility of its resources, volatility of the prices for hydrocarbons in the global energy market update the development of scientific approaches to justification of the commercial efficiency of alternative energy in the Russian Federation. Integrated economic performance and environmental safety coefficients for generating companies in Russia were calculated through taxonomic analysis. Trends in the expenditure level for energy production in the context of alternative and conventional energy resources were forecasted by means of neural modeling technologies. Using an integrated assessment method, global priorities for the use of energy resources in Russia that would enhance the national energy system operation efficiency were identified. A forecasting integrated model of the Russian energy system development was elaborated, taking into account the commercial efficiency of alternative energy. Measures to stimulate energy production based on the use of alternative energy sources were proposed. Practical implementation of the research findings would contribute to Russia s energy system restructuring and meeting the energy needs of the national economy to the fullest extent possible.

Suggested Citation

  • Sergey O. Chikunov & Olga N. Gutsunuk & Marina I. Ivleva & Isabella D. Elyakova & Irina V. Nikolaeva & Maksim S. Maramygin, 2018. "Improving the economic performance of Russia s energy system based on the development of alternative energy sources," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 382-391.
    • Handle: RePEc:eco:journ2:2018-06-45
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    References listed on IDEAS

    as
    1. Barreto, Raul A., 2018. "Fossil fuels, alternative energy and economic growth," Economic Modelling, Elsevier, vol. 75(C), pages 196-220.
    2. Jia, Teng & Dai, Yanjun & Wang, Ruzhu, 2018. "Refining energy sources in winemaking industry by using solar energy as alternatives for fossil fuels: A review and perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 278-296.
    3. Guo, Shaopeng & Liu, Qibin & Sun, Jie & Jin, Hongguang, 2018. "A review on the utilization of hybrid renewable energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1121-1147.
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    Cited by:

    1. Luis Marcos Castellanos & Hernan Hernandez-Herrera & Jorge I. Silva-Ortega & Vicente Leonel Mart nez Diaz & Zaid Garc a Sanchez, 2019. "Potential Energy Savings and CO2 Emissions Reduction in Colombia Compressed Air Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 71-78.

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    More about this item

    Keywords

    Alternative Energy Sources; Alternative Energy; Energy System; Economic Performance of Energy Production; Energy Resources; Conventional Energy;
    All these keywords.

    JEL classification:

    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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