Doing Business with Russia's Electrical Energy Sector examines the vast Russian energy system as it is being updated and restructured to become an integral part of the global energy system. This guide highlights commercial opportunities and explains business practice in the sector, including the investment climate, legislation, plans for restructuring, regional system development, international cooperation, and other relevant topics. Major investment projects from the Russian electricity industry and some of the major regional electricity companies are also discussed.

Electricity supply plays a strategic role for Russia’s economic development and for social peace. As a main consumer of natural gas, electricity is also of central importance for the efficient management of Russia’s energy resource basis. Today, however, the electricity sector is in an obsolete condition. Investments are needed in the modernization of the infrastructure. This book analyzes the liberalization and privatization program that Russia is implementing to attract private investments in this modernization process. Taking a comparative approach, this analysis critically assesses Russian electricity law in the light of the European liberalization experience. Given the strategic importance of electricity, investors face significant risks of government intervention. This book identifies these regulatory risks and examines investment protection mechanisms under Russia’s national and international investment obligations.

The Russian Government has embarked on an ambitious reform programme for its electricity sector, as part of its economic growth strategy. This publication examines the key challenges and opportunities involved in the proposed reforms, such as creation of market structures and regulatory frameworks to foster competition; as well as related issues such as the need for complementary energy reforms in the Russian natural gas sector.

With the global demand for energy skyrocketing, over the past twenty years many countries have restructured their electric power industries, typically moving from a regulated monopoly to a competitive market structure. The results of these reforms vary significantly from country to country depending on the market organization model and national conditions. This book examines the restructuring in both developed and developing nations, with particular focus on the United States, Great Britain, China, and Russia, and addresses the problems arising from these transitions. The book also contains a comprehensive analysis of different electricity market models and their compatibility with the properties of electric power systems and country conditions. As the most thorough and up to date analysis of the theory and practical experience of electricity deregulation, this book is a must-read for academics, students and researchers with an interest in electric power industry restructuring. It also has direct relevance for engineers, regulators and other decision makers in companies and governmental agencies concerned with energy issues.

What is Russia's potential as a partner in the global race towards a low-carbon economy? This book provides a balanced analysis of Russia's impressive, understudied and sometimes surprising strengths in the renewable energy sector. The work is a first of its kind, exploring the significant political and economic obstacles to developing renewable energy in Russia. The volume explores whether effective partnerships may be achieved by combining Russia's excellence in basic research and its diverse natural resources with Western management skills - and aiming for innovation and exports. Solar power, electricity reform, market niches for renewable energy and Nordic-Russian partnership are all examined in detail. Providing crucial insights for academics, policy-makers and business actors seeking to cooperate with Russian partners, this groundbreaking book raises the vitally important question of how key countries such as Russia will approach global climate politics and their own energy supply in the post-Kyoto world.

Global warming reveals that world energy consumption is on an unsustainable path. This updated second edition of The New Energy Crisis examines the impact of climate change on energy economics and geopolitics, exploring key issues such as energy poverty, renewable and nuclear energy, and focusing on the implications of the Fukushima crisis.

This book examines Russia's new assertiveness and the role of energy as a key factor in shaping the country's behavior in international relations, and in building political and economic power domestically, since the 1990s. Energy transformed Russia's fortunes after its decline during the 1990s. The wealth generated from energy exports sparked economic recovery and political stabilization, and has significantly contributed to Russia's assertiveness as a great power. Energy has been a key factor in shaping Russia's foreign relations in both the Eurasian and global context. This development raises a host of questions for both Russia and the West about the stability of the Russian economy, how Russia will use the power it gains from its energy wealth, and how the West should react to Russia's new-found political weight. Given that energy is likely to remain at the top of the global political agenda for some time to come, and Russia's role as a key energy supplier to Europe is unlikely to diminish soon, this book sheds light on one of the key security concerns of the 21st century: where is Russia headed and how does energy affect the changing dynamics of Russia's relations with Europe, the US and the Asia-Pacific region. This book will be of interest to students of Russian politics, energy security, international relations and foreign policy in general. Jeronim Perovic is a senior researcher at the Center for Security Studies at ETH Zurich. Robert Orttung is a visiting scholar at the Center for Security Studies at the Swiss Federal Institute of Technology (ETH) in Zurich and a senior fellow at the Jefferson Institute. Andreas Wenger is professor of international security policy and director of the Center for Security Studies at ETH Zurich.

Russian multinationals are playing an increasingly important role in the world economy, particularly in some key sectors such as oil, gas and metallurgy. At the same time, Russian multinationals differ in many respects from multinationals from other countries in that they often receive special treatment from the Russian government, and, because of past experiences, international investors are often reluctant to invest in them. This book presents a comprehensive overview of Russian multinationals. It discusses the rise of Russian multinationals, examines Russian multinationals' activities in key sectors, analyses the relationship between Russian multinationals and the Russian government and between Russian multinationals and international investors, and concludes by assessing how Russian multinationals are likely to develop in future.