Abstract
The spatial development of small energy in Russia at the present stage solves the problems of energy supply in remote and inaccessible regions of the country, which determines the relevance of the issues addressed. The aim of the study is to assess the development of small energy in the country based on the use of economic and mathematical methods. The study was conducted using long-term strategic planning tools, real options, and a binomial model. Based on PEST analysis, macroeconomic factors affecting the development of small energy have been identified. To assess the development of small energy, it is necessary to take into account many risks and uncertainty, which necessitates the use of flexible management decisions using the real options method. It was revealed that with the uncertainty of demand, but the possibility of growth in demand in the future, as is the case in small energy, it is advisable to use a real option - CALL. A practical example of quantifying the value of a real CALL option is considered.Keywords: small energy, real options, binomial modelJEL Classifications: C4, G3, M2, O1, Q4DOI: https://doi.org/10.32479/ijeep.9158
Highlights
In the short term, small-scale energy in Russia using renewable energy sources will solve energy supply problems in remote and inaccessible regions, while solving environmental problems and ensuring energy conservation
An analysis of the state of the Russian energy sector shows that the wear of power lines in the Unified Energy System (UES) of Russia is more than 25%, substations 45%
The PEST analysis technique allows assessing the impact of key factors in the development of small energy in Russia in the future, since PEST analysis is an instrument of long-term strategic planning (Table 1)
Summary
Small-scale energy in Russia using renewable energy sources will solve energy supply problems in remote and inaccessible regions, while solving environmental problems and ensuring energy conservation. The construction of large power plants is associated with large volumes of investments, while insufficient funds will be allocated from the budget for the implementation of projects. In this regard, a rational approach to justifying investments in the development strategy of small energy in Russia, taking into account costs and losses, is an urgent task. According to the forecasts of the International Energy Agency, the share of electricity generation by small energy by 2030 will increase to 30%.
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