Deputy Minister of Energy, Russia
Track B, Plenary Session 3
It has already past more than one year since a new electric power industry structure and a control system were established. The vertically-integrated monoply RAO UES was replaced by a number of generating, grid and trading companies. The Ministry of energy of the Russian Federation has been functioning in its new capacity since May 2008. Now it is a Federal Governmental body and is liable for forming of the policy in the sphere of electric power industry. Principal directions of the Ministry’s activity are the following: settlement of issues concerning the current electric power industry operation (inspection readiness to the autumn and winter period, coordination activities of the Federal and regional authorities to administrate the electric power industry, supervision over management of state assets of enterprises of the electric power industry), as well as issues of perspective planning (compiling of long-term projects of the electric power industry, control for their execution, including investment program of state and private companies. The transitional wholesale and retail markets of electricity and electric power are functioning in Russia since autumn 2006. A step-by-step liberalization of the prices for electricity is realize. Priority issues of the Ministry include the following areas: optimization of energy market, particularly, initiation of a long-term electricity power market, formation of a targeted wholesale market of electricity, as well as the functioning of the transmission grid system (passage to the tariffs according to the RAB method) improvement, control for the execution of approved investment programs by generating and grid companies.