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Assessment of Economic Efficiency of Innovation Technologies in Energy Sector

V.A. Semenova
senior lecturer, the Department of Management by Objectives in Instrumentation, St. Petersburg State University of Aerospace Instrumentation, PhD in Economics
St. Petersburg


  • innovation
  • electric power industry
  • economic efficiency
  • risks
  • innovation results
  • assessment
  • balanced scorecard
  • The introduction of innovations in electric power industry represents a relevant topic for study both in Russia and globally. They contribute to staying competitive in international market of energy carriers, ensuring effective high-quality supply of energy to domestic industry and population, providing security and ecological safety of energy production. The approaches to assessing innovation efficiency in electric power industry have certain peculiarities considered in the research.
    We introduce balanced scorecard reflecting intended innovation results, suggest a range of criteria to assess innovation technologies in electric power industry. Theoretical, statistical and empirical methods are applied in the research.

    188300 Russia, Leningrad region, Gatchina, st. Roshchinskaya, 5