Analysis of the institutional framework for the development of the electric power industry in Russia
The research presented in the article analyzes the institutional framework for the development of the electric power industry in Russia. The economy of the Russian Federation has a pronounced specialization in raw materials, and the maintenance and development of the energy sector in the country is a key task. This problem is very relevant not only for the state, but also for consumers and the population due to the high dependence on energy resources. The purpose of the article is to study the formal and informal institutions of the electric power industry in Russia to improve the management of transaction costs. The necessity is substantiated: implementation of better educational activities about the use of energy resources and its limitations; formation and development of digital power industry not only to reduce existing costs, but also to increase the competitiveness of the Russian energy market, taking into account the ESG agenda; stimulating the development of companies that develop and implement software products that allow monitoring and analyzing the quality and volume of electricity supplied; introduction of smart accounting at enterprises, re-equipment of networks, their modernization and reconstruction in order to more rationally use energy resources; general intellectualization of the activities of electric power companies.