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2005 : Stages of the Power Industry Reform

Member of the RAO UESR Executive Board V. A. Zubakin. 2005 : Stages of the Power Industry Reform. Moscow , March 9 , 2005. Resolutions of the Russian Federation Government (2004). Formation of WGC. Formation of TGC. Formation of IDGC. Performance the Competitive Sector.

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2005 : Stages of the Power Industry Reform

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  1. Member of the RAO UESR Executive Board V. A. Zubakin 2005: Stages of the Power Industry Reform Moscow, March 9, 2005

  2. Resolutions of the Russian Federation Government (2004). Formation of WGC. Formation of TGC. Formation of IDGC. Performance the Competitive Sector. Wholesale Market of Electric Power (Capacity) in the Transition Period. New Model for the Regulated Market. Balancing Market, System Service Market, and Capacity Market. Rules and Specifics of the Retail Market of Electric Power. Report Contents

  3. Resolutions of the Russian Federation Government (2004)

  4. Formation of Wholesale Generation Companies (WGC) WGC 1 24.12.04 09.03.05 WGC 2 24.12.04 23.11.04 WGC 3 01.10.04 04.03.05 WGC 4 26.11.04 27.10.04 WGC 5 03.09.04 WGC 6 24.12.04 29.12.04 WGC 7 HydroWGC 24.12.04 Schedule under development 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2004 2005 2006 WGC establishment approved by the RAO UESR Board of Directors Completion of transition to the unified WGC share State registration of WGC

  5. Formation of Territorial Generation Companies (TGC) leasing TGC 1 merge 26.11.04 TGC2 25.02.05 merge holding TGC3 01.04.05 to be established on completion of Mosenergo reorganization TGC4 holding 25.02.05 merge TGC5 merge 24.12.04 TGC6 merge 25.02.05 merge TGC7 holding TGC8 leasing merge 24.12.04 leasing TGC9 merge 03.09.04 09.12.04 leasing TGC10 29.10.04 merge leasing TGC13 merge 26.11.04 leasing TGC14 merge 03.09.04 07.12.04 TGC11, 12 The set-up model and schedule to be determined after authorization of the project for reorganizing Kuzbassenergo 2004 2005 2006 2007 TGC establishment approved by the RAO UESR Board of Directors State registration of TGC

  6. Formation of Interregional Distribution Grid Companies (IDGC) additional share issue RGC1 Introduction of shares into equity capital of 100% subsidiary affiliate of RAO UES of Russia of relevant IDGC IDGC 100% subsidiary affiliate of RAO UES of Russia IDGC < 49% owned by RAO UES of Russia, > 49%, by minority shareholders RGC2 … IDGC configuration authorized by the RAO UESR Board of Directors on 23.04.04: IDGC 1 (Central and Northern Caucasia Regions) IDGC 2 (Northwestern Region) IDGC 3 (Ural and Mid-Volga Regions) IDGC 4 (Siberia) Principles of IDGC Configuration Schedule Establishment of IDGC-5 (Far East Region) may be decided on in the future in the context of restructuring of regional AO-Energo companies.

  7. Performance of the Competitive Sector purchased in free market sector, MWh weighted average purchase price in free market sector, RUR/MWh price in regulated sector (from January 2004, including capacity), RUR/MWh volume, MWh = 1% of aggregate volume of production Data from Karana company

  8. Wholesale Market of Electric Power (Capacity) in the transition period From April 1, 2005:launch of the 5-15 market in Siberia. From September 1, 2005:launch of the balancing market. From January 1, 2006:unified wholesale market for the Ural-European and Siberian price zones. Not earlier than 2007: fully liberalized power market. Transition Period

  9. Launch of the model in Europe and Siberia: early 2006. New Model for the Regulated Market Specifics • Package of contracts between suppliers and buyers; • Under “take or pay” terms; • For Capacity and electric power; • Provision for two prices (tariffs): electric power price and capacity price; • Electric power volumes not covered with regulated bilateral contracts to be sold and bought in the competitive sector. Schedule Content

  10. Balancing Market, System Service Market, and Capacity Market OBJECTIVE, MAIN POINT SCHEDULE

  11. Rules and Specifics of the Retail Market of Electric Power Specifics of the Transition Period • Preferential tariff regulation; • Applicability of the cross-subsidy system; • Inadmissibility of free change of suppliers for consumers; • Unpreparedness of the Wholesale Market of Electric Power for a large number of participants. Basic Provisions • procedure for granting guarantee supplier (GS) status and definition of borders: • 1) for the first time, GS’s to be appointed; • 2) next time, GS’s to be determined on a bidding basis; • rules for entering into contracts for power consumers and GS’s; • rules for “pickup” of consumers in case of problems with power grid companies; • procedure for interaction of entities. Schedule • 3 quarter of 2005 – authorization of the rules by the Russian Federation Government • Throughout 2005– participants, retail and network tariffs to be determined.

  12. Thank you for your attention

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