Analysis of competitiveness: energy sector and the electricity market in Russia
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2017, Vol 30, Issue 1
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.
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