The Russian Electricity Supply Industry: from Reform to Reform?

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Faculty of Economics

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The paper looks at the development of the industry in the post-Soviet Russia, starting from the early 1990s. The main focus is on the last reform 2003-11 and the relationship of cost, prices and investment. In particular, the author examines the new designs for the electricity and capacity markets and their impact on incentives for short-run production and long-term planning and construction. The author defends the pro-competitive approach to the electricity industry reform in Russia and traces the roots of its success and failures.

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reform 2003-11, restructuring, market liberalisation, capacity markets

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https://repo.dare.co.zw/handle/123456789/181283

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University of Cambridge Apollo

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