Abstract

This article presents the problem of future cost of fuel and energy resources provided that a new investment cycle is expected to begin and alternative energy resources produce increasingly greater influence on the energy industry. Based on a classification of energy carriers, the author composed a typology of energy sources: traditional and non-traditional hydrocarbon and alternative energy carriers. It is considered how the accessibility of energy sources and their cost will influence the motor fuel, electric power and thermal energy markets. On the basis of the analysis and Russian and foreign experience to date, the conditions for effective energy system construction are determined in case one energy source is replaced by another within one investment cycle. Recommendations for the indicators system and their evaluation are given. It suggests expanding the indicators system to estimate the effectiveness of investment in energy systems. This work proves that the future development of electric energy industry will be influenced by such a phenomenon as regionalization of energy systems. Due to the development of competitive alternative energy resources, the formation of regional energy systems might happen in a variety of ways: based on either electric power production from the centralized national energy systems or mass scale transition to power generation using the resources and technologies available within a specific area of a region. Moreover, the economic problem of new technology development consists in the need of full return of the investment in the already existing energy systems with the emergence of less expensive energy resources. It is shown that inadequate attention to the planning and economic justification of development of regional energy systems will lead to an increase in energy costs for consumers. This may adversely affect the development of the regions’ economy. This article was prepared within the framework of the project 14-32-01289 “Methodology and tools for economic evaluation of effectiveness of energy systems created using alternative energy resources” supported by Russian Humanitarian Scientific Fund in 2014.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call