IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2019-03-7.html
   My bibliography  Save this article

Trends in the Development of the Global Energy Market

Author

Listed:
  • Irina A. Firsova

    (Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Dinara G. Vasbieva

    (Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Aleksandr V. Litvinov

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

  • Oxana E. Chernova

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

  • Irina V. Telezhko

    (Peoples Friendship University of Russia (RUDN University), Moscow, Russia)

Abstract

In recent years, there have been some natural and human-made disasters and severe social clashes in globally important energy regions, which has had a negative impact on the environment in general and on the development of the energy market in particular. Therefore, the development of the modern energy industry is aimed at the broad involvement of renewable energy sources (RES) in the energy balance of the world's advanced countries. At the EU level, particular attention is given to increasing the proportion of RES in total energy consumption to 12% with the installed capacity of solar photovoltaic (PV) systems up to 3 GW. The purpose of our study is to propose a mathematical model of the electricity generation processes in renewable solar and wind energy systems by methods of the theory of impulsive, random processes as well as recommendations for the development of RES based on the analysis of the trends in consumption and production of energy resources, their supply-demand proportion, and a model for the development of the energy market. Our findings show that the proposed model will allow to optimize the structure and create adaptive energy systems of RES.

Suggested Citation

  • Irina A. Firsova & Dinara G. Vasbieva & Aleksandr V. Litvinov & Oxana E. Chernova & Irina V. Telezhko, 2019. "Trends in the Development of the Global Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 59-65.
    • Handle: RePEc:eco:journ2:2019-03-7
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/7728/4314
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/7728/4314
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Doukas, Haris & Marinakis, Vangelis & Karakosta, Charikleia & Psarras, John, 2012. "Promoting renewables in the energy sector of Tajikistan," Renewable Energy, Elsevier, vol. 39(1), pages 411-418.
    2. Irina A. Firsova & Dinara G. Vasbieva & Andrey V. Losyakov & Viktoriia S. Arhipova & Andrey A. Pavlushin, 2018. "Development of Active Consumer Concept on Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 8-13.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dewi Mustikaningsih & Martha Fani Cahyandito & Umi Kaltum & Sri Sarjana, 2019. "Building Business Performance through Partnership Strategy Model: Evidence from Renewable Energy Industry in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 297-307.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ishizaka, Alessio & Siraj, Sajid & Nemery, Philippe, 2016. "Which energy mix for the UK (United Kingdom)? An evolutive descriptive mapping with the integrated GAIA (graphical analysis for interactive aid)–AHP (analytic hierarchy process) visualization tool," Energy, Elsevier, vol. 95(C), pages 602-611.
    2. Rasoulinezhad, Ehsan & Sung, Jinsok & Talipova, Amina & Taghizadeh-Hesary, Farhad, 2022. "Analyzing energy trade policy in Central Asia using the intercountry trade force approach," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 441-454.
    3. Kedar Mehta & Mathias Ehrenwirth & Christoph Trinkl & Wilfried Zörner & Rick Greenough, 2021. "The Energy Situation in Central Asia: A Comprehensive Energy Review Focusing on Rural Areas," Energies, MDPI, vol. 14(10), pages 1-27, May.
    4. Elena Shadrina, 2020. "Non-Hydropower Renewable Energy in Central Asia: Assessment of Deployment Status and Analysis of Underlying Factors," Energies, MDPI, vol. 13(11), pages 1-29, June.
    5. Sayfullo Akhmedov & Tatiana Ivanova & Surayyo Abdulloeva & Alexandru Muntean & Vladimír Krepl, 2019. "Contribution to the Energy Situation in Tajikistan by Using Residual Apricot Branches after Pruning as an Alternative Fuel," Energies, MDPI, vol. 12(16), pages 1-11, August.
    6. Irina Firsova & Dinara Vasbieva & Alexey I. Prokopyev & Evgeniy S. Zykin & Valentin V. Matvienko, 2018. "Development of Consumers' Behavior Business Model on Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 227-233.
    7. Aliya Aktymbayeva & Arailym Orazgaliyeva & Aizhan Omarova & Anvar Tulaganov & Aigul Akhmetova & Yuliya Tyurina & Marija Troyanskaya, 2021. "The Central Asian Economies of Water-energy security: The Future Role of Hydro and Fuel-based Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 417-425.
    8. Olga V. Borisova & Olga A. Kalugina & Nikolay N. Kosarenko & Aleksandr V. Grinenko & Izida I. Ishmuradova, 2019. "Assessing the Financial Stability of Electric Power Organizations," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 66-76.

    More about this item

    Keywords

    energy consumption; active consumer; energy market; electric power industry; tariffs.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2019-03-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.