Russia’s power market reforms at the crossroads
A decade of efforts were made to reform and liberalize the Russian electricity sector, with the unbundling of electricity networks and generation, the creation of an institutional governance framework and a wholesale electricity market, together with the privatization of generation assets. These cha...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2014
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| _version_ | 1826317260090769408 |
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| author | Beyer, S |
| author_facet | Beyer, S |
| author_sort | Beyer, S |
| collection | OXFORD |
| description | A decade of efforts were made to reform and liberalize the Russian electricity sector, with the unbundling of electricity networks and generation, the creation of an institutional governance framework and a wholesale electricity market, together with the privatization of generation assets. These changes attracted national and foreign investment into new generation capacity. In 2013, the government decided to launch a process to reform the Russian electricity market; this was planned to last until 2015. In 2014, discussions were still taking place over the ideal market design. Looking ahead, this reform is crucial for the modernization of the power sector, notably for the renewal of Russia’s large fleet of thermal power plants which were built 50 to 70 years ago. Up to 2035, around 80 per cent of nuclear capacity will reach the end of its lifetime and 78 per cent of hydropower plants will be in need of refurbishment. The IEA World Energy Investment Outlook 2014 estimates that the electricity sector in Russia will require investment of $411 billion in generation and $202 billion in networks by 2035. |
| first_indexed | 2024-03-07T06:57:12Z |
| format | Journal article |
| id | oxford-uuid:fe86ec8a-58b0-4ebe-9f6a-f4b0688bc39e |
| institution | University of Oxford |
| language | English |
| last_indexed | 2025-02-19T04:35:40Z |
| publishDate | 2014 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:fe86ec8a-58b0-4ebe-9f6a-f4b0688bc39e2025-01-29T10:44:38ZRussia’s power market reforms at the crossroadsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:fe86ec8a-58b0-4ebe-9f6a-f4b0688bc39eEnglishORA DepositOxford Institute for Energy Studies2014Beyer, SA decade of efforts were made to reform and liberalize the Russian electricity sector, with the unbundling of electricity networks and generation, the creation of an institutional governance framework and a wholesale electricity market, together with the privatization of generation assets. These changes attracted national and foreign investment into new generation capacity. In 2013, the government decided to launch a process to reform the Russian electricity market; this was planned to last until 2015. In 2014, discussions were still taking place over the ideal market design. Looking ahead, this reform is crucial for the modernization of the power sector, notably for the renewal of Russia’s large fleet of thermal power plants which were built 50 to 70 years ago. Up to 2035, around 80 per cent of nuclear capacity will reach the end of its lifetime and 78 per cent of hydropower plants will be in need of refurbishment. The IEA World Energy Investment Outlook 2014 estimates that the electricity sector in Russia will require investment of $411 billion in generation and $202 billion in networks by 2035. |
| spellingShingle | Beyer, S Russia’s power market reforms at the crossroads |
| title | Russia’s power market reforms at the crossroads |
| title_full | Russia’s power market reforms at the crossroads |
| title_fullStr | Russia’s power market reforms at the crossroads |
| title_full_unstemmed | Russia’s power market reforms at the crossroads |
| title_short | Russia’s power market reforms at the crossroads |
| title_sort | russia s power market reforms at the crossroads |
| work_keys_str_mv | AT beyers russiaspowermarketreformsatthecrossroads |