Evaluation of the Development of the Renewable Energy Markets in Russia Cover Image

Эффективность развития рынка возобновляемых источников энергии в России
Evaluation of the Development of the Renewable Energy Markets in Russia

Author(s): Irina Aleksandrovna Grechukhina, Olga Vladimirovna Kudryavtseva, Ekaterina Yuryevna Yakovleva
Subject(s): Economy
Published by: Институт экономики Уральского отделения Российской академии наук
Keywords: renewable energy; solar energy; wind energy; bioenergy; hydro power; bioenergy; RES; mechanisms for the support of RES; demand charge; contract for capacity supply; wholesale electricity market;

Summary/Abstract: The aim of this study is to systemize and present the quantitative and quality evaluation of the economic and non-economiceffects of the implementation of the new mechanism of the support of renewable energy in Russia. It should allow meetingthe middle-term goal of 2.5 % of renewables at the Russian wholesale electricity market by 2024. To achieve this aim, in theintroduction part of the article, a detailed description of the new mechanism of the support of the renewable energy in Russiais presented. It is based on the payment for energy in the wholesale electricity market. The estimated aggregate positive effectresulting from this mechanism’s implementation was expected as follows: a) replacement of non-renewable fossil fuels to renewableenergy, b) reduction of carbon dioxide emissions, c) the average prices reduction in the wholesale electricity market, d) reductionof the costs on environmental measures and health protection measures in traditional power generation, e) creating new jobs,f) reduction of fresh water used for cooling in traditional power generation, g) multiplicative effects from the development ofrenewable energy and etc. The resulting economic effect is estimated at 47.77 billion rubles per year by 2024. The authors reliedon expert estimates, forecasts of the Ministry of Energy and the Ministry of Economic Development, the Russian Energy Agency,the International Energy Agency, the International Agency for Renewable Energy, the Renewable Energy Policy Network for the21st Century, the experience of foreign countries, the data of Russian Federal State Statistics Service.

  • Issue Year: 12/2016
  • Issue No: 4
  • Page Range: 1167-1177
  • Page Count: 11
  • Language: Russian
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