It is important to monitor the financial condition of energy supply organizations in regional
management and development of energy infrastructure. This condition depends on economic factors,
tariff regulation and budget subsidies. The article presents indicators of aggregated financial statistics on
energy supply in the regions of Russia’s European North. For the purpose of comparative analysis, the
author formed a comprehensive indicator of financial stability and evaluated trends in the dynamics of
past due debt and profitability. The analysis shows the following sectoral and regional characteristics: the
financial situation in the electric power sector is relatively stable, but it is unsatisfactory in heat supply;
the increase in negative trends, such as the decrease in repayment ability, low and negative profitability,
and the accumulation of considerable arrears. Financial instability becomes a system-wide characteristic
of heat supply. It is necessary to introduce a multi-step process of financial recovery of the industry as a
whole. In the first place, external factors such as poor repayment discipline, inefficient tariff regulation
and insufficient provision of budget subsidies for tariff misbalances must be resolved; otherwise, they will
further aggravate financial instability. Strategically, a stable financial situation in energy supply can be
achieved only through technological modernization. Specific features of heat supply in northern regions
make it impossible to rely only on tariff sources of investment; large-scale renovation requires governmental
financial support and the creation of conditions for attracting private investment
Keywords
stability, financial results, energy supply, financial situation, regional energy policy, regions of the european north of russia, coefficients