Statement by Yuri Udaltsov, Member of RAO UES Management Board
Moscow, 5 May 2008. RAO "UES of Russia" gives a
positive assessment of the Plan of action to reform the electricity sector for 2008-2010
approved by the Government of the Russian Federation.
The Plan sets the timeframe for preparing and approving the key
resolutions of the Russian Government which will make it possible to form the intended
Specifically, under the Plan, the Rules of operation of the intended
models of the wholesale and retail electricity markets are to be submitted to the Russian
Government in Q1 2010.
According to the previous plans, the Rules were to be developed and
submitted to the Government in Q4 2008.
However, as these are Rules of operation of the intended market
models scheduled to be launched on 1 January 2011 (after the transition model and
liberalization of the wholesale electricity market is abandoned), it is appropriate to
move the deadlines of their development and approval closer to the launch date of the
If the Rules are prepared within one year instead of three years, as
was previously planned, this will make the process more efficient in terms of market
"finetuning". This will make it possible take into account the actual conditions
of the electricity markets' operation.
It should highlighted that the main principles of operation of the
wholesale and retail electricity markets launched in September 2006 will not be
significantly changed, but rather improved.