A trilateral Agreement signed under the frame of the Exchange Committee

30-12-2016 | 09:56

On 27 December  2016, commercial infrastructure associations and organizations on the gas and electric power markets – the Exchange Committee, the “Market Council” Non-Profit Partnership and the “System operator of the Unified Energy System” JSC met at the Federal Antimonopoly Service (FAS Russia) to sign an Agreement.

The purpose of the Agreement is cooperation in the part of devising proposals on interconnected development of organized (exchange) markets of gas, oil products, electric power and capacity. The parties agreed to jointly endeavour to improve the mechanisms of establishing representative price indicator on the markets based upon the outcome of organized (exchange) trading, monitoring prices in the off-exchange segment, developing commercial balancing mechanisms for the gas and electric power markets.

Deputy Head of FAS Anatoly Golomolzin emphasized: “Production cycles in the electric power industry and fuel sectors (gas, coal and fuel oil) are closely connected, both technologically and economically. For instance, electric power generators are the largest gas consumers. That is why it is so important to ensure cooperation between associations and organizations of commercial and technological infrastructure of the markets of fuel-and-energy resources. The Exchange Committee works on developing commercial balancing on the gas market that will enable sustainable financing and market development. The Exchange Committee already heard the System operator on the experience of balancing electric power market. In eh near future joint proposals on coordinated commercial balancing on the gas and electric power markets will be drafted”.



Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements International Working Groups Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Concept Note Meetings OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD UN Conference Resolution of the Conference Russian contributions EEU Model Law on Competition ICN BRICS WG (Markets of Social Importance) EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide