Power Industry reform

Legal and regulatory framework

Federal Laws of the Russian Federation

• Federal Law № 35-FZ dated March 26, 2003 "On the Electric Power Industry".
• Federal Law № 36-FZ dated March 26, 2003 "On the Specifics of Electric Power Industry Functioning during the Transition Period, Introduction of Amendments into Certain Legislative Acts of the Russian Federation, and Repeal of Certain Legislative Acts of the Russian Federation due to the Adoption of the Federal Law "On the Electric Power Industry".
• Federal Law № 41-FZ dated April 14, 1995 "On State Regulation of Tariffs for Electric and Thermal Power in the Russian Federation".
• Federal Law № 147-FZ dated August 17, 1995 "On Natural Monopolies".
• Civil Code of the Russian Federation № 14-FZ dated January 26, 1996. Part two.
• Federal Law № 28-FZ dated April 3, 1996 "On Energy Saving".

Russian Federation Government Resolutions

• Russian Federation Government Resolution № 526 of July 11, 2001 "On Restructuring the Electric Power Industry of the Russian Federation".
• Russian Federation Government Resolution № 516 of August 22, 2003 "On Threshold Levels of Tariffs for Electric and Thermal Power".
• Russian Federation Government Resolution № 643 of October 24, 2003 "On the Rules of the Transition Wholesale Power (Capacity) Market".
• Russian Federation Government Resolution № 24 of January 21, 2004 "On Approval of Standards for the Information Disclosure by Participants of Wholesale and Retail Power Markets".
• Russian Federation Government Resolution № 19 of January 19, 2004 "On Adoption of Rules for the Approval of Investment Programs of Natural Monopoly Entities of the Electric Power Industry".
• Russian Federation Government Resolution № 109 of February 26, 2004 "On Formation of Prices for Electric and Thermal Power in the Russian Federation".
• Russian Federation Government Resolution № 123 of March 3, 2004 "On Approval of the Rules for the Revocation of both Tariff Regulation Decisions Made by Executive Authorities of the Russian Federation Constituents and Decisions Made By Institutions of Local Governing in pursuance of their Powers with regard to State Regulation of Tariffs for Thermal Power".
• Russian Federation Government Resolution № 136 of March 4, 2004 "On Approval of a Standard Provision for the Body of Executive Power of the Russian Federation Constituents Functioning in the Field of State Regulation of Tariffs".

Russian Federation Government Decrees

• Russian Federation Government Decree №417 of April 15, 2005 [On the Plan of Measures Related to Power Sector Restructuring in 2005-2006].
• Russian Federation Government Decree №966 of July 17, 2004 [On the Plan of Measures Related to Power Sector Restructuring in 2004-2005].
• Russian Federation Government Decree № 1254-r of September 1, 2003 [On the Establishment of Generation Companies of the Wholesale Power Market].
• Russian Federation Government Decree № 1754-r of December 1, 2003 [On Approval of the Program for Changing State Regulated Prices (Tariffs) in Electric Power Industry].
• Russian Federation Government Decree № 1939-r of December 29, 2003 [On the Establishment of Seven Interregional Trunk Grid Companies].
• Russian Federation Government Decree № 1367-r of October 25, 2004 [On Establishment of the 7th Generation Company of the Wholesale Power Market].

Orders issued by the Ministry for Industry and Energy of the Russian Federation and FTS (Federal Tariff Service)

• FTS Order № 43-e/2 of August 24, 2004 "On approval of instructional guidelines for the calculation of tariffs for services provided to ensure functioning of the trading system of the wholesale power (capacity) market".
• FTS Order № 44-e/3 of August 24, 2004 (as amended May 24, 2005) "On approval of instructional guidelines for the calculation of the cost of deviations of real-time quantities of electric power produced (consumed) by market participants from the volumes preplanned in the hourly production (consumption) schedule".
• FTS Order № 20-e/2 of August 6, 2004 (as amended on December 14, 2004) "On approval of instructional guidelines for the calculation of regulated tariffs and prices for electric (thermal) power in the retail (consumer) market".
• FTS Order № 66-e/1 of August 25, 2003 "On threshold levels of tariffs for thermal and electric power set for 2004".

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