New technology adoption for Russian energy generation: What does it cost? A case study for Moscow

Bratanova, Alexandra, Robinson, Jacqueline and Wagner, Liam (2016) New technology adoption for Russian energy generation: What does it cost? A case study for Moscow. Applied Energy, 162 924-939. doi:10.1016/j.apenergy.2015.10.102


Author Bratanova, Alexandra
Robinson, Jacqueline
Wagner, Liam
Title New technology adoption for Russian energy generation: What does it cost? A case study for Moscow
Journal name Applied Energy   Check publisher's open access policy
ISSN 0306-2619
1872-9118
Publication date 2016-01-15
Year available 2016
Sub-type Article (original research)
DOI 10.1016/j.apenergy.2015.10.102
Open Access Status Not Open Access
Volume 162
Start page 924
End page 939
Total pages 16
Place of publication Kidlington, Oxford, United Kingdom
Publisher Pergamon Press
Collection year 2017
Language eng
Formatted abstract
Russia is frequently referred to as a country with substantial energy efficiency and renewable energy potential. In 2000–2008 energy-gross domestic product (GDP) ratios were improved by 35%, however, the contribution of technological progress accounts for only 1% of the energy-GDP ratio reduction. At the same time, although new policy mechanisms to stimulate renewable energy development have been recently introduced, renewable technology deployment has not yet taken off. Economic theory suggests that there is no better incentive for industry development than cost signals. This paper adapts the levelised cost of energy methodology to examine the cost structures associated with electricity generation by conventional and new technology types for a Russian region (Moscow). The model, run for two fuel price scenarios, allowed us to conclude that the regional energy supply system is heavily dependent on the natural gas price and that the diversification provided by technology development will be beneficial for the energy security of the region. We conclude that new and renewable technologies become cost-effective for electricity generation as domestic natural gas prices reach parity with export prices. However, strong political and financial support is needed to boost technological development and renewables application in Russia.
Keyword Electricity
Generation cost
Russian region
Renewable and green energy
New technology
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: HERDC Pre-Audit
School of Economics Publications
 
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Created: Thu, 12 Nov 2015, 09:50:33 EST by Dr Liam Wagner on behalf of Global Change Institute