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Economic Analysis: Theory and Practice
 

Rating methodology for energy company's sustainable development

Vol. 22, Iss. 7, JULY 2023

Received: 27 April 2023

Received in revised form: 10 May 2023

Accepted: 30 May 2023

Available online: 31 July 2023

Subject Heading: ANALYSIS OF COMPETITIVE ABILITY

JEL Classification: O13

Pages: 1309–1329

https://doi.org/10.24891/ea.22.7.1309

Aleksandr M. KARYAKIN Ivanovo State Power University named after V.I. Lenin (ISPU), Ivanovo, Russian Federation
karyakin@economic.ispu.ru

https://orcid.org/0000-0002-5209-565X

Vladimir V. VELIKOROSSOV Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
velikorossov.vv@rea.ru

https://orcid.org/0000-0001-5845-4820

Sergei A. FILIN Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
Filin.SA@rea.ru

https://orcid.org/0000-0002-6054-6510

Anna S. TARASOVA Ivanovo State Power University named after V.I. Lenin (ISPU), Ivanovo, Russian Federation
tarasova-as@mail.ru

https://orcid.org/0000-0002-5756-7708

Subject. The article addresses a rating methodology for sustainable development of energy companies.
Objectives. We focus on developing a set of indicators and a scale of rating methodology for sustainable development of energy companies.
Methods. The study employs methods of economic analysis, clustering, and economic statistics.
Results. We developed a set of indicators and a scale of rating methodology for sustainable development of the energy company, including assessment of enterprise’s liquidity, financial stability, profitability, business, and market activity. The rating methodology takes into account the specific features of the electric power industry in terms of analysis and evaluation of specific energy indicators.
Conclusions. The rating methodology enables objective comparative analysis of energy enterprises of Russia operating in the field of energy generation. The presented methodology is especially relevant due to the largest international rating agencies’ exit from the Russian market.

Keywords: generating power company, rating methodology, sustainable development, electric power industry, economic indicator

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