THE DEVELOPMENT OF COMPETITION IN THE ELECTRICITY MARKET

Аннотация

The paper addresses the problem of development of competitive electricity markets in
relationships that were formed by the enactment of the law "On electric power industry",
according to which it is prohibited to combine the activities of the transfer and sale and
purchase of electricity. The author considers types of violations of antitrust laws in the retail and
wholesale electricity market, and draws conclusions on the further development of competition
in the electricity market.
Since the state energy company (hereinafter RAO UES) has been established in 1992, there
were active discussions about how to develop the Russian electric power industry. Various
schemes of corporatization, privatization, consolidation with high-yielding types of industries
(e.g., aluminum production), expansion of the production chain by including the production of
equipment for the power industry were proposed as the main reform ideas. Most of these
projects were rejected due to infringement of the interests of "RAO UES" private shareholders,
or contradictions to the public interest.