The Electric Power Industry: Economic Nuances of Russian Trends

Abstract

ABSTRACT Electric power is the basic industry in which the Unified Energy System was created and successfully functioned during the Soviet period. Today, its characteristics are still used as a benchmark for assessing the results of the energy reforms. Is the current energy industry a positive or negative factor of the Russian economy? Does it require additional reform, and if so, how and to what extent should it be reformed? These questions should be answered via comprehensive examination and extensive scientific analysis and research. The article examines the general economics of managing the Russian centralized energy industry, analyzes statistical data, identifies quantitative and qualitative trends, and assesses the current state of the industry and its relationship with consumers.