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Regular version of the site

Book chapter

Сравнительный анализ ценовых ориентиров для стимулирующего регулирования на внутреннем российском рынке

С. 465-474.

The results of the analysis suggest that spot quotation at European gas hubs provides the lowest level of Russian domestic gas prices according to export parity. This indicative demonstrates the highest economic feasibility in comparison with other variants considered in the study, since we are talking about the same product market. The disadvantage of this approach is the increased volatility of the index, which introduces uncertainty from the point of view of the macroeconomic situation in Russia and creates additional risks of using long-term contracts. This impact can be partially offset by the use of intertemporal smoothing. However, the cost of the reduction in volatility in this case would be a loss of efficiency in the response of national prices to the changing conditions of the world market.