The Impact of the Electric Power Sector on the Strategic Development of Manufacturing Corporations
Year: 2025
Type: article
Abstract: This article discusses the impact of the electric power sector on the strategic development of manufacturing corporations. The electric power industry is a key industry that provides energy supply, formation of economic conditions and business sustainability. Special attention is paid to the influence of tariff policy, environmental requirements and regional specifics on the strategic planning of corporations. Measures that promote competitiveness are examined, including the introduction of energy efficient technologies, modernization of energy infrastructure and development of renewable energy sources. Examples are given of the multiplier effects of investments in the electricity sector and their importance for the economy is discussed. It emphasizes the need for coordination between government, corporations and energy companies to ensure sustainable development. Global challenges are analyzed, including the transition to a low-carbon economy, the regional specificity of tariffs, and the role of investment in energy infrastructure modernization. Measures are proposed to reduce energy costs, improve the competitiveness of industrial enterprises and ensure sustainable economic growth.
Source: ECONOMIC VECTOR
Authors: E.N. Sokolova, S.N. Astafurov
Language: English
Field: Energy
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4408551804