REFORMING RUSSIAN POWER INDUSTRY: INTERMEDIATE RESULTS AND FURTHER PLANS

Abstract

The article analyses the results of electric power industry reformation. At most, two key tasks are not completed: creating a competitive market of electric power prices of which are not controlled by the state, but formed on the basis of demand and supply of its participants; and raising private investments to renew generating powers. The reform only laid legal, economic, technological and infrastructural basis for creating efficient, reliable and compatible industry, it is needed to develop competitive relationships, perfect rate regulation and provide equality of all industry participants.

Keywords

• еlectric power industry
• industry reorganization
• state regulation
• investment strategy
• power capacity of the economy