Rus News Journal

The Russian Open Society “United Power Systems“ suggests to reconsider the Federal Wholesale Electric Power Market concept

the Russian Open Society “ UES of Russia “ suggests the government to reconsider the concept of liberalisation of the adjustable market of the electric power of Federal Wholesale Electric Power Market (“ the Federal wholesale market of the electric power and capacity “) . About it at conference “ Russia: investments into growth economy “ the head of board of the Russian Open Society “United Power Systems“ Anatoly Chubays has informed.
according to the head of board, gradual expansion of competitive sector of the wholesale market on Federal Wholesale Electric Power Market earlier was supposed. Now, A.Chubays has noted, it is offered not to wait for results of a spent policy, and to create within the limits of Federal Wholesale Electric Power Market instead of existing system of fixation of the price of the consumer and the buyer system of bilateral contracts when the buyer and the seller will receive not only the price, but also the contract.
it there will be contracts with the fixed price and volume for term in three years in which volumes bought - the sold electric power will be registered, its price and sale terms. In the event that the free market offers more favourable conditions, the consumer should have possibility to leave the contract. Thus, has noted And. Chubays, sector of bilateral contracts will gradually decrease, whereas the free market will start to increase volumes. It will allow to supervise conditions of power supply of the population and large industrial consumers, in particular those who has manufactures big power consumption. The head of the Russian Open Society “United Power Systems“ has declared that, according to the company management, the given measure will allow to avoid sharp splashes in power tariffs and serious political shocks.
A.Chubays named an existing design of Federal Wholesale Electric Power Market become outdated and not transparent. Under preliminary forecasts, transition to bilateral contracts within the limits of Federal Wholesale Electric Power Market, in a case if corresponding decisions will be accepted, can take place in the middle 2005ă. Or since January, 1st 2006ă.
the Head of board also has assured that change of the concept will not demand entering of amendments into the laws concerning elekroenergeticheskoj of branch. However it will be necessary to make serious changes abreast the governmental orders. In particular, it is a question of the decision on pricing in electric power industry. A.Chubays has informed that the given changes were discussed with head MERT Herman Gref and head Minpromenergo Victor Khristenko. While these departments have not given the answer to Russian Open Society “United Power Systems“ initiatives.
Besides, A.Chubays has informed that in 2004 Russian Open Society profit “ UES of Russia “ to the taxation This figure will make 38,34 mlrd rbl. has been confirmed by holding board. It was initially planned that the profit to the taxation will make 25,47 mlrd roubles, but after transition to a new control system and creations business - units, initial business - the plan has been reconsidered. Thus, the head of the enterprise has underlined, the effect from introduction of modern management has made 12,87 mlrd roubles.
during conference the head of power holding also has informed that the company intends to continue work on acquisition of profile actives abroad. Let`s remind that the Russian Open Society “United Power Systems“ has got power networks in Georgia, 85 % of generation in Armenia. Now also the question on acquisition of profile actives in Kirghizia and Tajikistan is discussed. At the same time, according to A.Chubays, negotiations on purchase of 50 % of the large company in Kazakhstan go difficultly. Nevertheless, the Russian Open Society “United Power Systems“ plans to continue negotiations further.