Electricity in Russia: Country Profile of Power Sector, Market Trends and Investment Opportunities
Executive Summary of Electricity in Russia
Electricity in Russia - The electricity sector in Russia is characterized by an ageing thermal power plant fleet, high subsidy levels, and low tariffs, which make it difficult for private sector companies to operate competitively. A major sector reorganization, during the last decade, was supposed to usher in a fully open market for electricity. While some of these reforms have been successful, others remain incomplete, and the sector has been described as a ‘regulated’ free market. Russia needs to replace up to 100GW of thermal capacity by the end of the decade, as well as building new capacity to meet growing demand. The transmission system needs expanding too, with large regions still not served by the Unified Grid. However foreign private sector investment in the industry has been limited, with both the political, and the investment conditions - making investors wary. This means that without significant change most investment will have to come from within Russia. Attempts are underway to increase tariffs to reflect market costs, but this reform could take the rest of the decade to complete. There are significant opportunities in Russia, but these are currently tempered by both the financial limitations, and a perceived lack of transparency.
Key features of this report
An overview of the electricity market in Russia.
Power supply data covering production, imports and exports and the main production sources.
Power demand data by market sector and tariff data.
An overview of the structure of the electricity sector with government and private sector companies as well as the regulatory status.
Power demand forecasts and the development of the power sector to meet expected growth.
Transmission system expansion plans.
Key benefits from reading this report
What are the key energy resources in Russia for power production.
What steps is the country taking to maintain future security of supply?
What are the key developments in electricity infrastructure?
Who are the key players in market?
What are the investment opportunities in the country?
Key market issues in Electricity in Russia
This report is a Country Profile, covering:-
Power generation capacity by fuel input
Current power market trends
Future project plans
Key findings of this report
1.Proven oil reserves in Russia were 80bn barrels (bbl) at the beginning of 2013, the eighth largest in the world. 2.Russia is home to the largest reserves of natural gas in the world. Reserves in 2013 were estimated to be 47,800bn m3, or around one quarter of the global proven reserves. 3.Gross theoretical hydropower capacity in the Russian Federation was put at 2,295TWh/y by the World Energy Council, while the economically exploitable capability was estimated to be 852TWh/y. 4.The electricity system in Russia includes 700 power plants with capacities of over 5MW. 5.The transmission and distribution system in Russia is fragmented. According to the Russian Energy Forecasting Agency, it comprises 69 regional energy systems, which are formed into seven integrated energy systems.
Key questions answered by this report
1.How does Russia generate its electricity? 2.What is the status of the national electricity market? 3.What are the key developments in electricity infrastructure? 4.Who are the key players in market? 5.What are the future prospects for investment in Russia?
Who this report is for
Power utility strategists, energy analysts, research managers, power sector manufacturers, power developers, investors in renewables systems and infrastructure, renewable energy developers, energy/power planning managers, energy/power development managers, governmental organisations, system operators, companies investing in renewable power infrastructure and generation, investment banks, infrastructure developers and investors, intergovernmental lenders, energy security analysts.
Why buy Electricity in Russia
To utilise in-depth assessment and analysis of the current and future technological and market state of power, carried out by an industry expert with 30 years in the power generation industry.
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