WIT Press


Risks Of Systemic Transformation In Energy Companies

Price

Free (open access)

Paper DOI

10.2495/ECO150321

Volume

192

Pages

9

Page Range

357 - 365

Published

2015

Size

701 kb

Author(s)

L. D. Gitelman, M. V. Kozhevnikov

Abstract

Among the various risks (financial, technological, environmental, market) that accompany the energy production systemic (strategic) risks are the most complex and difficult in terms of valuation, allocation of control object and determining the consequences. The key feature to manage those risks is the almost complete absence of statistical data on the impact and consequences of organizational innovations. It should be understood that each organizational decision, especially in the energy companies, is largely unique and can lead to transformation of the whole management system in power companies and even in the energy market. The paper contains a model of strategic risk management, based on the priority results setting. Original organizational risk assessment methodology was formed as well as mechanisms of suppression of their sources were established. Testing of methods is carried out for the key energy production result that is “reliability of electricity supply”.

Keywords

risks, power companies, organizational innovations, risk-related area, reliability of energy supply