Assessing the Impact of Electricity Market on Social and Economic Development of the Moscow Region

The article carried out critical analysis of electricity market and showed its interaction with social and economic development of the Moscow region. The authors found how processes taking place on electricity market affect social and economic development. They identified and analyzed principle drawbacks and benefits of the system of state regulation of electricity market. Key goals and objectives of strategy in electric power engineering in Russia were studied and the impact of pandemic on its development was estimated. The article traced dynamics of electricity generation. It was pointed out that heterogeneity is a specific feature of the current home electricity market, as state at its own discretion regulates tariffs on electricity for individuals and legal entities and raises them constantly in the Moscow region, which does not hinder its rapid social and economic development. The authors stipulated current theoretical and legal positions in the field of electricity industry regulation and provided a forecast of promising lines in its further development. At the same time the trend of economic development stabilization in the regional electricity industry was demonstrated, in spite of post-pandemic effects and tough sanction pressure.