Subject This article discusses the financial and economic aspects of the development of energy supply business in Russia. Objectives The article aims to reveal financial and economic problems of development of energy service companies (ESCO) in Russia. Methods For the study, I used empirical and logical constructions, analysis and synthesis, generalization, a systems approach, and the methods of comparative analysis. Results The article formulates the basic financial-and-economic and procedural-and-institutional aspects of functioning of the energy supply industry. It shows the specifics of pricing and government regulation on the retail electricity market. The article also describes the types of cross-subsidization in the industry and some types of economic effects not stipulated by the State regulation. Conclusions and Relevance The article notes the tendency of the industry to consolidation and integration, small companies are abandoning the market. ESCO companies lose their independence. The main vector of the industry development is the transition to remote service. The only way to solve the problem is to create a real competitive electricity market in the country, depriving the guaranteeing suppliers of exclusive rights on the energy supply to the population, small and medium-sized enterprises and organizations. The results of the study can be used to improve the State regulation of the industry and assess the development prospects of the industry by specialists of analysis services of specialized bodies of State power and energy providers.
Keywords: power supply business, default supplier, electricity prices, reference sales, cross-subsidization, ESCO company
Volkova E.D., Zakharov A.A., Podkoval'nikov S.V. et al. [System and management problems of the electric power industry's development in Russia]. Problemy prognozirovaniya = Problems of Forecasting, 2012, no. 4, pp. 53–65. URL: Link (In Russ.)
Belyaev L.S. Problemy elektroenergeticheskogo rynka [Problems of the electrical power market]. Novosibirsk, Nauka Publ., 2009, 296 p.
Volkov E.P., Barinov V.A., Manevich A.S. Problemy i perspektivy razvitiya elektroenergetiki Rossii [Problems and prospects of development of the power industry of Russia]. Moscow, Energoatomizdat Publ., 2001, 430 p.
Tukenov A.A. Rynok elektroenergii: ot monopolii k konkurentsii [The electric power market: from monopoly to competition]. Moscow, Energoatomizdat Publ., 2005, 413 p.
Cramton P. Electricity Market Design: The Good, the Bad, and the Ugly. Proceedings of the 36th Hawaii International Conference on System Sciences, January 2003, Big Island, Hawaii. URL: Link
Volkov E.P., Barinov V.A., Manevich A.S. et al. Perspektivy razvitiya elektroenergetiki Rossii do 2030 g [The prospects of development of the power industry of Russia till 2030]. URL: Link (In Russ.)
Kononov Yu.D. Puti povysheniya obosnovannosti dolgosrochnykh prognozov razvitiya TEK [Ways to increase the validity of long-term forecasts of the Fuel and Energy Complex' development]. Novosibirsk, Nauka Publ., 2015, 147 p.
Makarov A.A. Elektroenergetika Rossii v period do 2030 goda: kontury zhelaemogo budushchego [Power industry of Russia during the period till 2030: contours of the desired future]. Moscow, Energy Research Institute of RAS Publ., 2007, 183 p.
Syutkin B.D., Poluchal'nikov M.K. Razvitie elektroenergetiki v Rossii v 1920–1991 godakh i formirovanie optovogo rynka elektroenergii v EES Rossii v 1989–2000 godakh [Development of the power industry of Russia in 1920–1991 and the formation of a wholesale market of electric power in the UES of Russia in 1989–2000]. Moscow, MPEI Publ., 2016, 185 p.
Gal'perova E.V., Kononov Yu.D., Mazurova O.V. [Forecasting of a demand for energy carriers in the region taking into account their cost]. Region: ekonomika i sotsiologiya = Region. Economics and Sociology, 2008, no. 3, pp. 207–219. (In Russ.)
Afanas'ev V.Ya., Kuz'min V.V. [About the current research and development of the evolution's problems of competitive relations in the electricity markets]. Vestnik universiteta (Gosudarstvennyi universitet upravleniya) = Vestnik Universiteta (State University of Management), 2015, no. 11, pp. 5–16. URL: Link (In Russ.)
Vorotnitskii V.E., Kuz'min V.V. [About increase in efficiency of power industry on the basis of development of the mechanisms of competitive electrical power market]. Energetik, 2016, no. 5, pp. 3–10. URL: Link (In Russ.)
Stennikov V.A., Palamarchuk S.I., Golovshchikov V.O. [Creation of efficient retail markets for electric and thermal energy is the most important task of the domestic electric power industry]. Energetik, 2018, no. 2, pp. 3–6. URL: Link (In Russ.)
Knittel C. PWP-048 The Origin of State Electricity Regulation: Revisiting an Unsettled Topic. University of California Energy Institute, Berkeley, 1999. URL: Link-
Gal'perova E.V., Kononov D.Yu., Mazurova O.V. [Assessment of competitiveness of energy options to major consumers in the face of uncertainty]. Energeticheskaya politika = The Energy Policy, 2015, no. 2, pp. 37–46. URL: Link (In Russ.)
Kutovoi G.P. [Modern tariff policy in the electricity the Russian Federation or why business relevant question switch to self dependence]. Energetik, 2018, no. 6, pp. 36–42. URL: Link (In Russ.)
Loktionov V.I. [Assessing investment project efficiency in energy sector based on energy price ceiling]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2014, vol. 13, iss. 33, pp. 17–22. URL: Link (In Russ.)