Integration of Armenia into the Common Electricity Market of the EAEU: Risks and Opportunities
https://doi.org/10.48137/2687-0703_2021_14_2_124
Abstract
The main problems of the formation of the common electricity market of the EAEU are considered. The characteristic of the main measures aimed at ensuring the electric power integration is given. By analyzing the main indicators of the electric power industry of the EAEU member states, the specific, strengths and weaknesses of the national electricity markets are identified. It is established that there is a surplus of electricity in the EAEU. At the same time, it is shown that the installed generating capacity of the EAEU has the potential to increase the volume of electricity generation. It is revealed that the EAEU electric power industry is able to meet the growing needs of the member states with the development of long-term export strategies, which will contribute to the stabilization of electricity prices on the internal markets of the member states. It is established that the construction of the «North-South» electric power corridor will provide Armenia with an opportunity to enter the EAEU electric power markets, overcoming the existing «infrastructural isolation». The risks and costs of liberalization are considered as an important precondition for the formation of a common EAEU electricity market. It is shown that the main obstacle to the formation of a common market is the lack of a common vision of liberalization of national markets among the member countries. The risks of liberalization of the electric power market in Armenia are considered, taking into account the export opportunities of the Armenian power system.
About the Authors
A. A. Markarov
Yerevan State University;
Armenian branch of the Institute of CIS Countries
Armenia
Armenia
Alexander A. Markarov, PhD (Politics), Prof. at YSU, Director of the Armenian branch of the Institute of CIS Countries
1, Alek Manukyan str., Yerevan, 0025, Republic of Armenia
V. S. Davtyan
Russian-Armenian University;
Institute for Energy Security
Armenia
Armenia
Vahe S. Davtyan, PhD (Politics), Associate Professor at Russian-Armenian University; President at the Institute for Energy Security
123, Hovsep Emin str., Yerevan, 0051, Republic of Armenia.
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Review
For citations:
Markarov A.A., Davtyan V.S. Integration of Armenia into the Common Electricity Market of the EAEU: Risks and Opportunities. Geoeconomics of Energetics. 2021;(2):124-138. (In Russ.) https://doi.org/10.48137/2687-0703_2021_14_2_124
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