Market Aspects of Renewable Energy in Russia

Abstract

The article analyzes the state and prospects for renewable energy in Russia. The author demonstrates the main problems of Russia’s fuel and energy complex, which should in future become additional drivers of “green” energy growth: high energy intensity of the Russian economy, obsolescence of hydrocarbon production capacities, steady growth of electricity tariffs, environmental pollution. Particular attention is paid to the peculiarities of Russia’s renewable energy support system in both the wholesale and retail electricity markets. The process of integration of renewable energy sources (hereinafter RES) into the structure of electricity production is assessed. The article contains statistical data illustrating the dynamics and structure of primary energy consumption in Russia between 2000 and 2020, and also shows changes in both the electricity production and the structure of installed power plants.