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Russian Electricity Reform

Emerging Challenges and Opportunities

Russian Electricity Reform by Organisation for Economic Co-operation and Development
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The Russian Government is pursuing a strategy of very high economic growth, with the objective of doubling gross domestic product in ten years. It recognises the central role the electricity sector has to play to achieve this target and has embarked on a highly ambitious program of electricity reform.

If it is to succeed, the reform program will have to create market structures, market rules and a regulatory framework that will foster competitive wholesale and retail electricity markets. At the same time, it will have to deal with sensitive social issues related to tariff rebalancing and the removal of cross subsidies. Only competitive markets based on transparent prices that reflect costs can deliver the efficient, reliable and internationally competitive performance needed to meet the government’s economic targets. Such markets are essential to attract new investment that will be required to ensure security of electricity supply after 2010.

This book focuses on key aspects of the proposed reform that could have an important bearing on its success. It also raises concerns as to the pace of reform in related areas, such as the need for complementary reforms in the Russian natural gas sector.

The IEA commends the Russian Government on its efforts to embrace this electricity reform – a key element critical to meeting the challenges of strengthening economic performance and energy security.

Organisation for Economic Co-operation and Development; January 2005
152 pages; ISBN 9789264109445
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Title: Russian Electricity Reform
Author: Organisation for Economic Co-operation and Development