DBPapers
DOI: 10.5593/sgem2017/53/S21.090

RESEARCH OF THE REASONS OF DECREASE IN POWER CONSUMPTION OF THE RUSSIAN ECONOMY

Y. Razvadovskaya, K. Rudneva
Wednesday 13 September 2017 by Libadmin2017

References: 17th International Multidisciplinary Scientific GeoConference SGEM 2017, www.sgem.org, SGEM2017 Conference Proceedings, ISBN 978-619-7408-10-2 / ISSN 1314-2704, 29 June - 5 July, 2017, Vol. 17, Issue 53, 725-732 pp, DOI: 10.5593/sgem2017/53/S21.090

ABSTRACT

Ensuring stability of economic development, an energy and ecological safety is connected with increase in energy efficiency and decrease in power consumption of economy. The main indicator of resource intensity is power consumption. power consumption characterizes amounts of an energy consumption and fuel on the basic and auxiliary engineering procedures of production of products, performance of works, rendering services based on the set technological system. The Russian economy is one of the most power-intensive in the world, level of consumption of energy is twice higher than power consumption of China and is 2,5 — 3,5 times higher than the USA and the countries of Europe. The state program of the Russian Federation "Energy efficiency and development of power", of 15.04.2014 No. 321 was accepted for the purpose of structural changes in intensity of an energy consumption. According to the Ministry of Energy of the Russian Federation for the realization account of actions of this program in 2015 power consumption of GDP in relation to 2007 was reduced by 5,94%, at the same time the indicator in 2014 constituted 5,61%. A main objective of the program is decrease in power consumption of gross domestic product of the Russian Federation by 13,5 percent. An objective of this research is identification of the real reasons of decrease in power consumption of the Russian economy. Whether it is connected decrease in power consumption with actions of the state program and growth of efficiency of technologies or decrease in power consumption is provided due to industrial energy consumption and recession in real production sector. In this article influence of various sources of investment on decrease in power consumption of economy is also researched. We carry out the analysis of influence of the state investments, private investments and direct foreign investments on indicators of power consumption of economy. The analysis is carried out at the industry level from 1995 for 2015. Multiple Regression model was used within this analysis. This model is applied to forming of the standardized and not standardized regression coefficients estimating influence of each independent factor on a dependent variable. The received results make an essential contribution to the theory of structural changes, regarding a research of the reasons of decrease in power consumption of the developing economy and can be used for review and adjustment of the state programs directed to increase in an energy efficiency of economy.

Keywords: consumption, structural changes, State program "Energy efficiency and development of power", Russia, state investments, private investments.