+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Financial prerequisites of integration processes in the power supply business of Russia

Vol. 24, Iss. 12, DECEMBER 2018

PDF  Article PDF Version

Received: 17 October 2018

Received in revised form: 31 October 2018

Accepted: 14 November 2018

Available online: 24 December 2018

Subject Heading: FINANCIAL CAPITAL

JEL Classification: G30

Pages: 2876–2897

https://doi.org/10.24891/fc.24.12.2876

Fedorov Ya.P. Financial University under Government of Russian Federation, Moscow, Russian Federation
yacov@list.ru

https://orcid.org/0000-0001-5780-0533

Subject This article discusses the financial and economic conditions and causes of integration processes in the energy supply business in Russia.
Objectives The article aims to reveal and describe the financial and economic situation and causes of integration processes in the energy supply business 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 determines the main financial-and-economic and organizational-and-legal aspects of integration processes in the industry. As part of the financial and economic analysis of the country's largest energy supply companies, it reveals the most common problems of the industry.
Conclusions and Relevance The key feature of the development of the energy supply industry of Russia is its consolidation and the market quitting of small companies' that do not have lobbying resources. 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 provider, fiscal analysis, management, working capital, debt burden

References:

  1. 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.)
  2. Belyaev L.S. Problemy elektroenergeticheskogo rynka [Problems of the electrical power market]. Novosibirsk, Nauka Publ., 2009, 296 p.
  3. 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.
  4. Tukenov A.A. Rynok elektroenergii: ot monopolii k konkurentsii [The electric power market: from monopoly to competition]. Moscow, Energoatomizdat Publ., 2005, 413 p.
  5. 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
  6. 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.)
  7. 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.
  8. 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.
  9. 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.)
  10. 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.)
  11. 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.)
  12. 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.)
  13. Knittel C. PWP-048 The Origin of State Electricity Regulation: Revisiting an Unsettled Topic. University of California Energy Institute, Berkeley, 1999. URL: Link-
  14. 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.)
  15. 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.)

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive