Features Of Investment Risk Assessment In Energy Companies Of Russia

Abstract

The article presents tendencies for improving assessment methodology for efficient investment activities of energy companies based on the characteristics of industry risks. Regulatory sources and scientific literature on this issue have been elaborated, and methodological tools have been applied to analyze and summarize the data. The specific risks of energy companies were identified and options for assessing the investment activities effectiveness were proposed. The enterprises of the Russian energy industry were selected as the object of the research. In accordance with the Federal Law of the Russian Federation "On Energy", energy sales companies are subject to mandatory licensing. In case of improper use of budget funds, there is a risk of failure to obtain license or decertification on energy sales activities. The company should be aware and assess the risks that they will face in the implementation of investment activities. Moreover, at the present stage there is no unified methodology for assessing these risks, since in each case it is necessary to take into account the fundamentals of organization's functioning, its position at goods and services market, industry specific-sector issues. Evaluation of the effectiveness of investment activity is impossible without a qualitative risk assessment. This article studied the risks that a tariff-regulated company in the field of energy and housing-communal services can face carrying out investment activities of an energy company in the city of Samara.