All-Russia Meeting of General Directors of RAO UES Companies Is Held In Moscow
Moscow, 18 April 2008. The last All-Russia Meeting of General Directors of RAO UES
Energy Companies opened in Moscow. The event is presided by Chairman of the Management
Board of RAO "UES of Russia" Anatoly Chubais.
Besides Heads of the companies established in the course of the energy sector reform,
among its participants are Heads of key energy-related Ministries and agencies the Federal
Tariff Service, the Federal Antimonopoly Service, and the Federal Energy Agency.
The key issue to be discussed at the Meeting is interaction between the government
authorities regulating the sector and energy companies after completion of the RAO UES
reorganization on 1 July 2008.
After RAO "UES of Russia" ceases its operations, most of the regulatory
functions in the sector will be transferred to the Ministry of Industry and Energy,
Rosenergo, Federal Tariff Service, and Federal Antimonopoly Service. These authorities
will be responsible for forecasting and development of long-term development plans,
control of implementation of the investment programmes by industry entities, development
and approval of tariff regulation policies, and antimonopoly controls.
The regional authorities will be engaged in control of the implementation of investment
programmes by electricity industry entities in the regions. The regional authorities will
also have broader powers regarding tariff regulation and emergency measures. The regional
authorities will also control the financial position of guaranteeing suppliers that supply
electricity to the retail end users.
Some part of the regulatory functions will be performed by infrastructure companies to
be controlled by the state, namely, System Operator and Federal Grid Company. System
Operator will play a key role in ensuring reliable operation of the Unified Energy System
and controlling the implementation of energy companies' investment programmes. FGC will be
responsible for supporting intersystem links and interaction with foreign power grids.
Non-profit Partnership "Market Council" will become one of the principal
organizations responsible for controlling the electricity industry after the
reorganization of RAO "UES of Russia". It will include representatives of both
the state and new industry players, electricity and capacity sellers and buyers, and
providers of commercial and technological infrastructure for the wholesale electricity
The Market Council will be responsible for organization of regulation of the wholesale
(capacity) market, control over observance of the wholesale market regulations, resolution
of disputes among market participants, competition control, and control of implementation
of investment programmes.