IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-01-12.html
   My bibliography  Save this article

The Comparison of the Energy Markets of the EAEU and the Scandinavian Countries: Best Practices for the Energy Integration

Author

Listed:
  • Victoria V. Perskaya

    (Institute of International Economic Relations Research, Financial University under the Government of the Russian Federation, Moscow, Russia.)

Abstract

The development of the common energy markets and energy market innovations is a highly discussed topic, especially through the prism of the alternative energy. The Scandinavian countries are moving in both directions, at the same time, the EAEU countries are developing a single energy market, consisting of the four main sectors by the energy resource. The stages, pace and the institutional basis of the development of these two energy integration initiatives are different, due to similar climate conditions it is logical to suppose, they can be similar in some way. The article aims at comparing these energy markets, their dynamics, challenges and the possibility of institutional exchange. The main findings of the article include the proof that the comparison of the two markets by the financial and volume indicators is impossible, still institutional exchange is possible, moreover, enables them to solve several traditionally difficult problems. The practical importance of the article comprises the offered methodology of research through the developed synergy index, the recommendations for the EAEU and the Scandinavian countries. The novelty of the article is characterized by the institutional approach to the energy market, allowing to reveal its intrinsic characteristics the energy flow between the institutional members and the regulative framework.

Suggested Citation

  • Victoria V. Perskaya, 2020. "The Comparison of the Energy Markets of the EAEU and the Scandinavian Countries: Best Practices for the Energy Integration," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 81-88.
    • Handle: RePEc:eco:journ2:2020-01-12
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/8565/4747
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/8565/4747
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sergei Palamarchuk, 2016. "Status of Electric Power Sector Reform in Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 6(4), pages 663-671.
    2. Jessie Cherry & Heidi Cullen & Martin Visbeck & Arthur Small & Cintia Uvo, 2005. "Impacts of the North Atlantic Oscillation on Scandinavian Hydropower Production and Energy Markets," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 19(6), pages 673-691, December.
    3. Nomikos, Nikos K. & Soldatos, Orestes A., 2010. "Modelling short and long-term risks in power markets: Empirical evidence from Nord Pool," Energy Policy, Elsevier, vol. 38(10), pages 5671-5683, October.
    4. Angelina A. Kolomeytseva & Maria A. Maksakova, 2019. "Integration Potential in Energy Sector: Eurasian Economic Union Case," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 174-181.
    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. Natalya Yuryevna Sopilko & Olga Yuryevna Myasnikova & Nataliya Vital evna Bondarchuk & Natalia Anatolyevna Navrotskaia & Tatyana Evgenyevna Migaleva, 2020. "Analysis and Prospects for the Development of Regional Energy Integration of the Eurasian Economic Union Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 13-20.
    2. Natalia A. Sadovnikova & Valery L. Abramov & Andrey A. Ogryzov & Olga A. Makhova, 2020. "Clean Energy in the EAEU in the Context of Sustainable Development: Compliance and Prospects," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 272-280.

    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. Angelina A. Kolomeytseva, 2020. "Greening of the Manufacturing Industry in the Eurasian Economic Union," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 95-101.
    2. Curtis, John & Lynch, Muireann Á. & Zubiate, Laura, 2016. "The impact of the North Atlantic Oscillation on electricity markets: A case study on Ireland," Energy Economics, Elsevier, vol. 58(C), pages 186-198.
    3. Baptiste François & Sara Martino & Lena S. Tøfte & Benoit Hingray & Birger Mo & Jean-Dominique Creutin, 2017. "Effects of Increased Wind Power Generation on Mid-Norway’s Energy Balance under Climate Change: A Market Based Approach," Energies, MDPI, vol. 10(2), pages 1-18, February.
    4. Zorana Božić & Dušan Dobromirov & Jovana Arsić & Mladen Radišić & Beata Ślusarczyk, 2020. "Power Exchange Prices: Comparison of Volatility in European Markets," Energies, MDPI, vol. 13(21), pages 1-15, October.
    5. Otero-Giráldez, María Soledad & Álvarez-Díaz, Marcos & González-Gómez, Manuel, 2012. "Estimating the long-run effects of socioeconomic and meteorological factors on the domestic tourism demand for Galicia (Spain)," Tourism Management, Elsevier, vol. 33(6), pages 1301-1308.
    6. Luigia Brandimarte & Giuliano Baldassarre & Guendalina Bruni & Paolo D’Odorico & Alberto Montanari, 2011. "Relation Between the North-Atlantic Oscillation and Hydroclimatic Conditions in Mediterranean Areas," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(5), pages 1269-1279, March.
    7. François, B., 2016. "Influence of winter North-Atlantic Oscillation on Climate-Related-Energy penetration in Europe," Renewable Energy, Elsevier, vol. 99(C), pages 602-613.
    8. Paryono Paryono & Absori Absori & Khudzaifah Dimyati & Muinudinillah Basri & Shinta Dewi Rismawati, 2020. "Liberalization and Electricity Policy Changes: Problems and Challenges in the Electricity Sector in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 170-177.
    9. Ely, Caroline R. & Brayshaw, David J. & Methven, John & Cox, James & Pearce, Oliver, 2013. "Implications of the North Atlantic Oscillation for a UK–Norway Renewable power system," Energy Policy, Elsevier, vol. 62(C), pages 1420-1427.
    10. Deschatre, Thomas & Féron, Olivier & Gruet, Pierre, 2021. "A survey of electricity spot and futures price models for risk management applications," Energy Economics, Elsevier, vol. 102(C).
    11. K. Czerewacz-Filipowicz & A. Konopelko, 2020. "Can the EAEU Deliver External Integration to Business?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 515-528.
    12. Ioannis Niadas & Panos Mentzelopoulos, 2008. "Probabilistic Flow Duration Curves for Small Hydro Plant Design and Performance Evaluation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 22(4), pages 509-523, April.
    13. Oksana V. Savchina & Dmitriy A. Pavlinov & Olga V. Savchina, 2021. "Financial Stability of Electricity Companies in the Context of the Macroeconomic Instability and the COVID-19 Pandemic," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 85-98.

    More about this item

    Keywords

    Energy markets; Scandinavia; EAEU; institutional development; development; energetic integration; recommendations;
    All these keywords.

    JEL classification:

    • P49 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Other
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    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:journ2:2020-01-12. 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.