Abstract
The formation of common industrial markets of the Eurasian Economic Union (EAEU) in the energy sector is not just a task to fulfill the terms of the Treaty on the EAEU, but a necessary condition for expanding integration interaction between partner countries, a necessary resource platform for developing competitive potential in the industrial sector of the EAEU member countries and a factor for ensuring energy security The formation of common industrial markets of the Eurasian Economic Union (EAEU) in the energy sector is not just a task to fulfill the terms of the Treaty on the EAEU, but a necessary condition for expanding integration interaction between partner countries. It’s a necessary resource platform for developing competitive potential in the industrial sector of the EAEU member countries and a factor for ensuring energy security The authors examine in the article the world experience in applying various models for integrating energy markets, in particular electricity and gas, taking into account the specifics of the functioning of the sectoral national systems of the EAEU countries, their resource potential, the level of development of competition and monopolization, and the possibilities of transit of electricity and gas. The potential of creating and developing a common electricity market on the basis of the signed agreements in the EAEU was studied in the context of differences in the institutional and legal bases, the degree of development of competition in the national industrial electricity markets, and their liberalization levels. The revealed differences in the models of the national electricity markets of the EAEU countries cause a long transition period for the formation of a common market with a gradual decrease in the number of seizures in generation / production, transmission and ensuring the security of energy supply to countries. It is noted, that the coordinated model of the transition period does not contribute to the rapid obtaining of significant synergistic effects and the solution of energy redundancy problems. The need to develop a coordinated industrial policy of the EAEU countries to expand the use of resource potential and export of energy resources to third countries is noted. It requires an integrated approach to creating common markets, primarily electricity and gas. (можно дать одним предложением The need to develop a coordinated industrial policy of the EAEU countries to expand the use of resource potential and export of energy resources to third countries is noted, which requires an integrated approach to creating common markets, primarily electricity and gas., а можно оставить и так)The current level of the institutional and legal basis for the formation of the gas market does not allow to overcome the differences in the degree of liberalization of national gas markets, their monopolization and, accordingly, pricing, and determines the acceleration of integration rapprochement. The formation of common markets actualizes the format of exchange trading, the institutionalization of which on the electricity market is already provided for in the EAEU interstate agreements, and on the common gas market requires coordination and implementation of electronic trading mechanisms, drawing on Russian experience.
Highlights
Arifulova D.N., Storozhenko A.P. (2018) Barriers in Mutual Trade of Electric Energy within the General Electroenergetice Market Eurasian Economic Union
2019 ty market on the basis of the signed agreements in the Eurasian Economic Union (EAEU) was studied in the context of differences in the institutional and legal bases, the degree of development of competition in the national industrial electricity markets, and their liberalization levels
The need to develop a coordinated industrial policy of the EAEU countries to expand the use of resource potential and export of energy resources to third countries is noted
Summary
Формирование общих рынков электроэнергии и газа в ЕАЭС: модели рынков, барьеры и решения. Исследован потенциал создания и развития общего рынка электроэнергии на базе подписанных соглашений в ЕАЭС в условиях различий в институциональной и правовой базах, степени развития конкуренции на национальных отраслевых рынках электро-. ФОРМИРОВАНИЕ ОБЩИХ РЫНКОВ ЭЛЕКТРОЭНЕРГИИ И ГАЗА В ЕАЭС: МОДЕЛИ РЫНКОВ, БАРЬЕРЫ И РЕШЕНИЯ. Отмечается необходимость разработки согласованной промышленной политики стран ЕАЭС по расширению использования ресурсного потенциала и экспорта энергоресурсов в третьи страны, что требует комплексного подхода при создании общих рынков, прежде всего электроэнергии и газа. Современный уровень институциональной и правовой основы формирования рынка газа не позволяет преодолеть различия в степени либерализации национальных газовых рынков, их монополизации и, соответственно, ценообразования и обуславливает форсирование интеграционного сближения. Более тесная взаимосвязь двух отраслевых рынков электроэнергии и газа обусловила необходимость их исследования с точки зрения экономической эффективности и целесообразности, специфики правовой и экономической модели создаваемых общих рынков, геополитической и международной значимости
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Outlines of global transformations: politics, economics, law
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.