Formation of the Price Mechanism for Energy Resources in Russia and the Countries of the European Union

Authors

  • Olga Ergunova
  • Vladislav Lizunkov
  • Viktor Blaginin
  • Ekaterina Politsinskaya
  • Olga I. Shaykina National Research Tomsk Polytechnic University

Abstract

The current research focuses on the solution to the challenge of finding balance in different energy resources pricing trends. Our research shows that increase in gas price leads to corresponding growth in electricity cost, but the effect of replacement has not occurred yet.  The burden on population is growing as cross-subsidization is gradually being canceled in order to increase the production competitiveness. It has been found out that households in Russia pay less nowadays than in the USSR, less than Europeans for gasoline, electricity and diesel at present.  If we bring the cost of electricity in proportion to the corresponding level of the Soviet time, it will cost about 0.1825 € per kWh, which quite corresponds to European prices and newly confirms the validity of the author's calculations. Two theoretically possible directions for the development of Russian energy system based on innovations in energy consumption and production have been defined.Keywords: European Union, energetics, price, energy supplies, competitiveness of production, direction of developmentJEL Classifications: C62, N70, O13, P48

Downloads

Download data is not yet available.

Author Biography

Olga I. Shaykina, National Research Tomsk Polytechnic University

Department of foreign languages

Downloads

Published

2018-01-24

How to Cite

Ergunova, O., Lizunkov, V., Blaginin, V., Politsinskaya, E., & Shaykina, O. I. (2018). Formation of the Price Mechanism for Energy Resources in Russia and the Countries of the European Union. International Journal of Energy Economics and Policy, 8(1), 122–127. Retrieved from https://econjournals.com./index.php/ijeep/article/view/5873

Issue

Vol. 8 No. 1 (2018)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.