Russian Electric Power Industry Research Articles

Анализ барьеров развития электроэнергетики России: история вопроса, современное состояние и перспективы

The author's view of the history of the Russian electric power industry is presented, based on facts confirmed in official sources, an analysis of the problems of the development of the electric power industry in the period from the beginning of the XX century to the present. Based on the latest data, an analysis of the dynamics of the Russian electric power industry from 2018 to the present has been carried out, and the main trends in the market under consideration have been identified. The prospects for the development of the industry are considered, taking into account the Federal legislation of the Russian Federation and state plans. Special attention is paid to the impact of the tense geopolitical situation on the Russian electricity market in 2022-2023. The main problems faced by market participants, as well as the actions of the government and companies in response to the changes, are analyzed. Various methods of electricity production are considered and a comparative analysis of different types of power plants is carried out, which includes a description of their positive and negative sides. It is noted that despite the high rates of development from the moment of formation to the present, barriers and challenges have always arisen, which resulted in reforms to change and modernize the approaches of the state to the development of the Russian electric power industry. Today, the electric power industry of the Russian Federation demonstrates stability, however, the potential of its development tools has not been exhausted and requires constant monitoring and updating. Options for measures to improve the efficiency of the industry are proposed. It is concluded that the various proposed measures will help set a new positive vector for the development of the electric power industry in Russia.

Spin doctoring is a technology for overcoming crises in the energy sector

An original view on overcoming the consequences of man-made disasters and others crisis situations in the energy sector is presented with the help of a specific and little-studied spin doctoring technology. The article comprehensively reveals the concept and role of spin doctoring, as an effective PR tool for anti-crisis communication, with the key functions and mechanisms of its application identified. Innovative spin doctoring practices are summarized, as implemented by one of the authors in the Russian electric power industry, nuclear energy and in relation to alternative generation projects in the conditions of agricultural business while working for the state corporations Rostec, Rosatom, VEB.RF, in the Rosseti electric grid holding and the Agropromkomplektatsiya group of companies. New methodological approaches to the theory of spin doctoring and practical recommendations are proposed for energy companies to implement in their crisis management activities. The researchers have provided in-depth analysis of the effectiveness of the use of special spin doctoring techniques by companies of foreign and domestic fuel and energy complex in man-made accidents and catastrophes, as well as in a number of socially significant technological incidents. Both positive and negative aspects of responding to crisis situations are considered. The results obtained in the course of the study can be used in the anti-crisis activities of management bodies and information policy and communications (public relations) departments of energy and related industries.

Didactic potential of educational VR films (on the example of the film “Electric power industry of Russia”)

The introduction of modern video technologies into pedagogical practice is one of the ways to increase students’ motivation to learn about the world. The article describes in detail the advantages, methodological purpose, and didactic potential of educational VR films on the example of the film in 360° format “Electric power industry of Russia”, created by a team of employees of The Academy of Public Policy Implementation and Professional Development of Educators of the Ministry of Education of the Russian Federation (The Academy of Ministry of Education of the Russian Federation) for free use in Russian educational organizations.The methodology of the study of educational VR films didactic potential presented in the article is based on the activity approach to learning, the principles of systematicity, and interdisciplinarity. The activity approach in the use of VR film is provided by the maximum effect of presence, which is experienced by the viewer, and independence in the choice of the subject of attention. The work of an active and proactive student is complemented by the activity of a teacher who can guide the student and choose objects from an educational VR film to set learning objectives, and formulate questions and tasks. The principles of systematicity and interdisciplinarity are provided by educational content created on the basis of the integration of knowledge from different subject areas, which allows teachers to use the didactic potential of the VR film in different disciplines and age groups.The proposed methodological solutions for the use of VR film are of practical value for the educational process in a modern school: they contribute to the formation of a holistic view of students about the achievements of Russian science and modern professions (in particular, in the electric power industry), the education of patriotism and pride in the Fatherland, the development of skills of independence and self-control in learning activities.The authors see the development of the project as one of the strategic directions in the field of digital transformation of education, aimed at improving the quality of education of modern schoolchildren.

Innovative mechanisms for designing the system of public administration of the industry

Subject. This article discusses the development of wind energy in Russia. Objectives. The article aims to identify a set of key management objects and develop a process model for the functioning of the State management system of the electric power industry. Methods. For the study, we used a systems analysis. Results. Based on the analysis of the regulatory legal acts governing the development of the electric power industry in Russia, the article designs a single control loop for the industry. It finds that the problems of the existing system of governance lie in the fragmentation and disparity of its elements with each other. For the received projects of the federal system of public administration in the energy sector, the article offers complete lists of elements that eliminate the identified problems. Conclusions. The results of the study can be taken into account when developing projects for the use of renewable energy sources in Russia.

ANALYSIS OF THE DYNAMICS OF THE INTEGRAL RATING OF RUSSIAN COMPANIES ACCORDING TO A TWO-STAGE PROCEDURE, TAKING INTO ACCOUNT THE RISK

The article is devoted to the development and justification of a multi–stage system of ranking and indexing of leading companies of the most important energy production sectors of the Russian economy - electric power industry and the oil and gas industry. The authors use a financial analytics apparatus based on regular financial (accounting) statements of companies according to accepted forms, a balance sheet and a report on financial results are applied. The authors developed and tested a methodology for sub–indexing important indicators of financial statements: total assets, capital structure - borrowed and own funds, net profit. The author's methodology allows for an express analysis of important indicators of companies' performance and to build an integral rating. The authors performed a comparative analysis of the rating of the leading companies in the oil and gas and electric power industry of Russia for several periods and obtained results that will allow making decisions that contribute to the stable development of companies for many years.

Empirical analysis of the Russian power industry's transition to sustainability

Solutions to sustainability challenges often focus on low-carbon energy transition. This paper highlights the Russian electric power industry's barriers to and drivers for achieving zero emissions by 2060. The methods used include policy analysis and an econometric analysis of variables that affect and are affected by per capita electricity consumption in 1990–2021. The results show that while renewables lower overall electricity use, economic growth, financial development, and CO2 emissions increase use. A bidirectional causality exists from trade openness and CO2 emissions to electricity consumption. A sustainable energy transition framework is proposed based on consolidating selected policy tools.

НЕОБХОДИМОСТЬ ИЗМЕНЕНИЙ ОРГАНИЗАЦИИ РЫНКА ЭЛЕКТРОЭНЕРГИИ РОССИИ, ИСХОДЯ ИЗ ОПЫТА ЗАРУБЕЖНЫХ СТРАН

The results of the reform of the electric power industry in Russia, based on the British model, are considered. Its shortcomings are shown. It is proposed to strengthen state regulation due to external challenges for Russia. The experience of Iran's energy industry, which has been under sanctions pressure for many years, is given

Sustainable development of Russian energy companies: ESG principles

Hill J. Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio. London, Academic Press, 2020, 370 p. Buchnev A.O. [State regulation of the renewable and non-renewable energy development]. Mezhdunarodnyi nauchnyi zhurnal = International Scientific Journal, 2022, no. 2, pp. 58–70. (In Russ.) Avilova V.V. [Transition to a circular economy as a leading trend of innovative development and the formation of a new technological paradigm]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2021, no. 5, pp. 12–20. URL: Link (In Russ.) L'vova N.A. [Green finance as an element of a new development paradigm]. Uchenye zapiski mezhdunarodnogo bankovskogo instituta = Proceedings of the International Banking Institute, 2021, no. 3, pp. 44–57. (In Russ.) Gurova E.A., Petrievskii I.V., Kuz'menko I.P. [Information component of modern management methods for an enterprise sustainable development]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University. Series 5: Economics, 2012, no. 2, pp. 236–243. URL: Link (In Russ.) Smirnova T.S. [Sustainable development as a basic component of the company's activities. ESG valuation of companies]. Upravlencheskii uchet = Management Accounting, 2021, no. 11-3, pp. 704–710. (In Russ.) URL: Link Lilev N. Investitsionnaya privlekatel'nost' predpriyatiya [Investment attractiveness of the enterprise]. Moscow, Laboratoriya knigi Publ., 2010, 74 p. Antonova M.V., Shumkov D.A. [Criteria for assessing company ESG risks in the context of sustainable development]. Vestnik Belgorodskogo universiteta kooperatsii, ekonomiki i prava = Herald of Belgorod University of Cooperation, Economics and Law, 2022, no. 1, pp. 125–132. (In Russ.) URL: Link Johnson C.E. Jr., Stout J.H., Walter A.C. Profound Change: The Evolution of ESG. Business Lawyer, 2020, vol. 75, pp. 2567–2608. Bogacheva O.V., Smopodinov O.V. [Government measures aimed at formation and development of green bond market]. Finansovyi zhurnal = Financial Journal, 2016, no. 3, pp. 55–65. URL: Link (In Russ.) Satsuk T.P., Lobodina R.G. [Analysis of investment attractiveness of "green" shares of RZHD JSC]. Byulleten' rezul'tatov nauchnykh issledovanii, 2022, no. 2, pp. 223–234. (In Russ.) URL: Link Bataeva B.S. Stakeholder Engagement: The Case of the Russian Largest Oil and Gas Companies. Upravlenets = Manager, 2018, vol. 9, no. 4, pp. 20–27. URL: Link Dmitrievskii A.N., Eremin N.A., Filippova D.S., Safarova E.A. [Digital oil and gas complex of Russia]. Georesursy = Georesources, 2020, vol. 22, no. S, pp. 32–35. URL: Link (In Russ.) Friede G., Busch T., Bassen A. ESG and Financial Performance: Aggregated Evidence from More than 2000 Empirical Studies. Journal of Sustainable Finance & Investment, 2015, vol. 5, iss. 4, pp. 210–233. URL: Link Anan'kina E. [Carbon tax is a significant, but not the main risk for Russian energy companies]. Energeticheskaya politika = Energy Policy, 2021, no. 5, pp. 40–53. URL: Link (In Russ.) Takmasheva I.V., Dubrovskaya A.S. [Analysis of the institutional framework for the development of the electric power industry in Russia]. Ekonomika: vchera, segodnya, zavtra = Economics: Yesterday, Today, Tomorrow, 2022, vol. 12, no. 5A, pp. 99–109. URL: Link (In Russ.)

Optimization of information flows and development of a predictive model for organizing the information space in digital energy

The application of modern information technologies in the electric power industry of the national economy of Russia is considered. The main digital technologies with the maximum potential for use in the electric power industry are given. The stages of the digital flows organization are determined for the development of a model for organizing the information space in the digital energy. The main indicators of the digitalization introduction in the energy sector, as well as factors hindering the process of digitalization of the electric power industry in Russia, are determined. A model for organizing the information space in the digital energy sector of Russia for the medium and long term is developed. Keywords energy, digitalization, data optimization, information flow, big data, artificial intelligence, renewable energy sources

Complex contracts in industrial construction–instrument for sustainable territorial development

The main volume of generation in the Russian electric power industry is provided by thermal power plants, causing the most extensive damage to the environment. The growing problems in ensuring environmental safety and the urgent need to reduce the harm to nature and public health must be addressed within the framework of the construction of new and reconstruction of existing facilities in the implementation of state programs to ensure sustainable development of territories. Organizational and managerial aspects of the application and improvement of mechanisms for the implementation of eco-innovations in the framework of industrial construction should be considered in the context of organizational and contractual modeling of the interaction of milestones of participants in investment and construction activities. The use of costly evaluation methods to confirm the results of the development and implementation of eco-innovations is a promising direction in using of complex contracts and their evaluation in the industrial construction of electric power facilities, taking into account their innovative nature.

БОЛЬШИЕ ДАННЫЕ (BIG DATA) В ОБЛАСТИ ЭЛЕКТРОЭНЕРГЕТИКИ

The prospects of using big data technology in the field of electric power industry in Russia and what barriers need to be overcome in order to successfully use them are considered

Strategic Workforce Development of the Staffing in the Russian Federation

The article analyzes the current state of the electric power industry of the Russian Federation, identifies priority areas for its development in the context of the availability of modern technologies, such as artificial intelligence, digital twins, and a virtual reality system. The possibility of replacing human labor resources by electric power with artificial intelligence is considered in the context of the priority policy of using the best available technologies with minimal harm to the environment. The key directions of the strategic development of the labor resources of the electric power industry in Russia are studied, taking into account the specifics of the region, as well as the features of the development of the industry. The fundamental principles of the strategic development of labor resources are analyzed, taking into account the characteristics of the economic sector, and the possibility of applying the strategizing methodology proposed by Doctor of Economics, Professor, foreign member of the Russian Academy of Sciences V. L. Kvint is considered. The problematic aspects of labor efficiency in the electric power industry, including those related to cybersecurity threats in modern conditions, are highlighted, and practical cases of solving these problems by government agencies and various business entities are analyzed. Ways are proposed to overcome difficulties, taking into account the costs inherent in each of the options, in order to increase the performance of enterprises in the electric power industry and their further improvement.

Assessment of CHINA'S contribution to the development of the russian electric power industry: from planned to implemented projects

Modern energy cooperation between Russia and China is mutually beneficial and complementary: China invests in the implementation of Russian energy projects, and Russia, in turn, supplies its energy resources to China, meeting the needs of both sides. This article assesses China's contribution to the development of the Russian electric power industry. The assessment is carried out on the basis of careful examination of upcoming and already implemented projects of China's investment cooperation in Russia in the field of renewable energy, including solar, wind, and hydropower, as well as in the field of thermal and nuclear energy. At the same time attention is paid to the volume of investment in specific projects, and the degree of participation in the equity holding. Based on the results of the assessment, a conclusion is made about the high interest of China in the implementation of electric power projects in Russia. China especially counts on mutual support for cooperation in the field of renewable energy, namely in the sector of construction of solar, wind and hydropower plants, in order to solve the climate issue. At the same time China does not deny the importance of developing relations in the field of oil and gas.

DIGITAL TRANSFORMATION STRATEGY: ASSESSMENT OF DIGITAL MATURITY OF THE RUSSIAN ELECTRIC POWER INDUSTRY

Based on the analysis of domestic and foreign experience of digital transformation and the conducted expert survey, the authors conclude that Russia, in comparison with other countries, does not have a leading position in the implementation of digital technologies. At the same time, the electric power industry being the basic sector of the economy which is responsible for its safe and sustainable development, in terms of digitalization is on the sidelines, yielding to retail, the banking industry, telecommunications and the manufacturing industry. At the same time, digitalisation is a promising direction and can have a significant positive impact on the electric power industry. The purpose of the study is to assess the current level of digital maturity of the electric power industry in Russia, identify the main barriers to digital transformation and develop proposals in order to overcome them.The article uses generalisation, comparative analysis, analyses empirical data of digitalisation in Russia and abroad, conducts a survey of experts in the electric power industry about its digital maturity.

Corporate governance in generating companies of the Russian electric power industry in the context of ESG agenda

To address the issues of investment appeal in the Russian electric power industry, this study analyzes the dynamics of corporate governance, including permanent redistribution of property and compliance with the Russian Corporate Governance Code, in wholesale and territorial-generating companies. The increasing concentration of property in the hands of the state and its implications for investors are also noted. This study reveals the violations of essential principles, and the substantial differences in corporate governance practices, in the best- and worst-performing companies. Additional standards for better corporate governance practices to benefit the investors in the context of the current Environmental, Social, and corporate Governance (ESG) agenda are proposed. This study provides a new insight at the development of corporate governance in Russian power generating companies through property redistribution and compliance with corporate governance principles.

Scales and Consequences of Deep Decarbonization of the Russian Electric Power Industry

—The article considers possible scales of changes in Russia’s Unified Energy System (UES) generation capacity structure and the associated costs necessary for adapting the electric power industry to various, in terms of stringency, requirements for reducing carbon emissions and decreasing the electricity production carbon intensity in 2040–2050. To this end, production and economic indicators are predicted for the so-called “boundary” industry’s development scenarios, which differ essentially in the scales of such changes, and provide different contributions in decarbonization of the country’s economy. One of the scenarios was drawn up based on the assumption that the existing trends and rates of changes in the technological structure would remain the same, with which a stable level of electricity price and amount of СО2 emissions will be reached by 2050. The second scenario implies that a transition will be made after 2030 to more intensive changes due to increasing the number and capacity of carbon-free power plants, improving the energy efficiency of thermal power plants (TPPs), and substituting their use of coal. Taken in combination, these measures will make it possible to reduce the СО2 emissions from power plants by almost 40% by 2050. Two electric power industry development scenarios are compared with respect to the following indicators: installed capacity and electricity production, and their mix (share distribution) by power plant types, necessary amounts of commissioning the capacities of thermal and carbon-free power plants and the required capital investments, demand for fuel, financial requirements of the electric power industry, and electricity price variation dynamics. The capital intensity of reducing the СО2 emissions and electricity production carbon intensity is estimated, and the scales of unavoidable growth in the price of electricity for its consumers in Russia are shown.

Analysis of trends in the development of Russian and foreign electric power industry

Analysis of trends in the development of Russian and foreign electric power industry

Innovation ecosystems in developing markets: empirical evidence from Russian electric power industry

ABSTRACT Following the rise of innovation ecosystems (IEs) in various sectors around the world, we observe a corresponding increase in IE-related studies. And while the existing body of knowledge provides a rather solid conceptualisation of the phenomenon and its distinctive characteristics, we still lack an understanding of its structure, the behaviour of participants, governance, and regulation. At the same time, most of the IE-related studies are conducted within developed contexts, which limits the generalizability of available evidence. Our study aims to fill the abovementioned gaps in the literature and makes several contributions. First, our results shed more light on the structure of IE and the role of the focal firm. Second, the study provides important empirical evidence on peculiarities of behaviour among IE participants and the composition of various IEs thus enhancing our understanding of IE development processes. Third, this research provides insights into tactics and governance mechanisms within the studied IEs, therefore, expanding the current body of knowledge on IE governance and regulation. Finally, we complement the existing body of literature with additional empirical evidence from an emerging market context. Results of this study also include valuable empirical implications for managers and policymakers in the context of the expanding IE-related activities.

Sustainable development of the Russian electric power industry based on the balance of traditional and renewable sources as the national energy system's safety basis

Subject. This article deals with the issues related to Russia's energy security and the transition to renewable energy sources. Objectives. The article aims to explore the global trends in changing the structure of energy sources. Methods. For the study, we used analysis, abstraction, and analogy. Results. The article presents a scenario for changing the structure of energy sources in the world and Russia and proposes the necessary steps and activities to improve the efficiency of coal use in Russia. Conclusions. The article concludes that sustainable energy development is possible only if a balance of traditional and renewable energy sources is achieved.

Reasons for Implementation of Lean Production in Electric Power Industry

The relevance of the work is due to the peculiarities and patterns of development of the electric power industry in Russia in modern conditions, characterized by crisis trends due to the COVID-19 pandemic. The main objective of this study is to present the concept of Lean Production, which reduces effectively and efficiently the costs of utilities companies without capital expenditures. The research methodology is based on a theoretical analysis of the key methods and tools of the lean production concept. The object of observation is the electric power industry and the possibility of introducing lean management in the company. The scientific novelty consists in the development of the author's conceptual approach to the implementation of individual tools used in the concept of lean production in the company in the electric power industry and obtaining effects from their implementation of the concept in the electric power industry. The study showed that the use of appropriate methods and tools that support the implementation of Lean Management in an enterprise in the electric power industry depends mainly on its specifics, which makes it impossible to provide a universal solution.