Specifics of the Fuel and Energy Complex Regulation: Seeking New Opportunities for Russian and International Aspects

• Main Authors: Elvir M. Akhmetshin, Sergey I. Kopylov, Svetlana V. Lobova, Natalya B. Panchenko, G. Kostyleva
• Format: Article
• Language: English
• Published: EconJournals 2018-07-01
• Series: International Journal of Energy Economics and Policy
• Online Access: https://www.econjournals.com/index.php/ijeep/article/view/6708

<p>The goal of this article is to define the main trends and possible ways of further development of the fuel and energy complex (FEC) in the Russian economy. The following tasks were solved to achieve this goal: to determine the place of the Russian FEC in the world economy, to assess the results achieved in implementing the energy strategy, and to identify promising directions for regulating the Russian FEC. The results of the study allow to conclude that certain positive indicators were achieved in the field of improving energy security, reducing energy intensity and increasing the budgetary efficiency of the FEC as part of the ES-2030 implementation. At the moment, the regulatory and legal framework has been formed and is being further developed, measures for import substitution in the FEC sectors are being taken, tax, customs and tariff policies are being improved, measures have been developed and implemented to increase the availability of energy infrastructure, etc. Further measures of state regulation of the FEC sectors should be aimed at the development of renewable energy economy, measures to encourage investments in the FEC, and the improvement of the system of tariff setting for electricity transmission services.</p><p><strong>Keywords</strong><em>: </em>energy security, energy conservation, renewable energy sources (RES).</p><p><strong>JEL Classifications: </strong>L70, P20, P28<strong></strong></p>