Prospects and problems of creating the Eurasian economic union (EAEU) countries single electricity market
https://doi.org/10.26425/1816-4277-2023-6-147-152
Abstract
The article studies the advantages of creating a single energy market for Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The member states’ national electricity markets have been analyzed in terms of the degree of their liberalization and creation of prerequisites for competitive relations formation in the field of electricity trade. According to the results of the analysis, Belarus has a high degree of monopolization of the electricity market represented by a vertically integrated company, while in other countries monopolistic and competitive activities are separated. The export potential of the EAEU countries has been analyzed. The study reveals that Russia has the predominant export potential, Belarus is quite self-balanced, Armenia has no ties with other members of the Big Five, and Kazakhstan and Kyrgyzstan are potential importers of electricity. In addition, four blocks of problems that need to be solved for formation of a single electric energy market have been highlighted and the mechanisms currently being implemented considered.
About the Author
A. S. Flaksman
State University of Management
Russian Federation
Russian Federation
Alina S. Flaksman - Cand. Sci (Econ.), Assoc. Prof. at the Economics and Management in the Fuel and Energy Business Department
Moscow
References
1. Eurasian Economic Commission. Official website. http://www.eurasiancommission.org (accessed 15.04.2023).
2. Zhukov S.V. (ed.). Global Energy: Competition and Cooperation. Moscow: IMEMO RAN; 2019. 220 p. (In Russian).
3. Kirpota A.A. Formation of a single energy market of the EAEU countries [Formirovanie edinogo energeticheskogo rynka stran EAES]. Molodoi uchenyi. 2019;15(253):206–208. (accessed 15.04.2023). (In Russian).
4. TASS. President of Kyrgyzstan: cooperation with Russia is of particular importance. https://tass.ru/mezhdunarodnaya-panorama/5195365 (accessed 15.04.2023).
5. Russian-Armenian Strategic and Public Initiatives Support Center. Cooperation with the Russian Federation gives the Armenian fuel and energy complex depth and strength. https://russia-armenia.info/node/32579 (accessed 15.04.2023). (In Russian).
6. Ministry of Energy of the Russian Federation. Official website. https://minenergo.gov.ru/ (accessed 15.04.2023).
7. Eurasian Economic Union. Treaty on the Eurasian Economic Union. https://docs.cntd.ru/document/420205962 (accessed 15.04.2023). (In Russian).
8. Telegina E.A., Khalova G.O. World economy and energy at the turn: the search for an alternative development model. World economy and international relations. 2020;3(64):77–83. DOI http://doi.org/10.20542/0131-2227-2020-64-3-5-11 (In Russian).
9. Zhukov S.V. (ed.). Global Energy and Economic Trends. Moscow: IMEMO RAN; 2019. 194 p. (In Russian).
10. Rodionov M.E., Seleznev P.S., Yushkov I.V., Mitrahovich S.P. Energy in modern world: study guide. Moscow: KnoRus; 2019. 422 p. (in Russian).
11. Military review. Vladimir Putin: A new integration project for Eurasia is the future that is born today. https://topwar.ru/7360-vladimir-putin-novyy-integracionnyy-proekt-dlya-evrazii-buduschee-kotoroe-rozhdaetsya-segodnya.html (accessed 15.04.2023). (In Russian).
12. Knobel A.Yu. Eurasian Economic Union: Prospects and challenges for Development. Voprosy Ekonomiki. 2015;3:87–108. DOI http://doi.org/10.32609/0042-8736-2015-3-87-108 (In Russian).
Review
For citations:
Flaksman A.S. Prospects and problems of creating the Eurasian economic union (EAEU) countries single electricity market. Vestnik Universiteta. 2023;1(6):147-152. (In Russ.) https://doi.org/10.26425/1816-4277-2023-6-147-152
Views:
368
Email this article 