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Analysis of competitiveness: energy sector and the electricity market in Russia

Author

Listed:
  • Evgeny Lisin
  • Yulia Marishkina
  • Wadim Strielkowski
  • Dalia Streimikiene

Abstract

This study provides an overview and conducts a thorough analysis of the current state and development trends of the energy sector in a competitive electricity market in Russia. It scrutinises and outlines the most probable scenarios and outcomes of the innovative development on the electricity market and describes the possible changes. Moreover, a comprehensive study of technology foresight methods that allows one to draw parametric models of the development in the technological industry is undertaken. The results indicate that, in the medium- and long-run, one can identify economic inefficiency and uncontrollability of the existing Russian energy sector as well a clear disharmony with the selected energy strategy. Thence, it is necessary to rely on economic innovations in order to develop predictive models for managing productive development of the industry in a competitive energy market.

Suggested Citation

  • Evgeny Lisin & Yulia Marishkina & Wadim Strielkowski & Dalia Streimikiene, 2017. "Analysis of competitiveness: energy sector and the electricity market in Russia," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 1820-1828, January.
  • Handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:1820-1828
    DOI: 10.1080/1331677X.2017.1392887
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