The “Market Council” Non-Profit Partnership” and the Trading System Administration of the wholesale electric power market executed a FAS warning

At the end of 2016, the antimonopoly body sent a warning to the above persons to make changes to the Wholesale Market Regulations that adversely affect the payment procedure for the consumers of the capacity of the power blocks in unscheduled repair

On 26 January 2017, the Supervisory Committee of the “Market Council” Non-Profit Partnership” Association executed the warning to the Federal Antimonopoly Service (FAS Russia). A decision was made to make changes to one of the Wholesale Market Regulations providing for additional grounds for the testing procedure of generating equipment.

In December 2016, FAS issued a warning to the “Market Council” Non-Profit Partnership” Association and the Trading System Administration of the wholesale electric power market on the above measures. Those measures were undertaken to exclude infringing the interests of electric power consumers that are forced to pay for the capacity of generating facilities blocks in unscheduled long-term repair as a result of an accident, prior to a review of the faulty equipment.

Thus, the changes to the regulations made on 26 January will prevent consumers paying for generating capacities of the stations, when recovering their performance capabilities require significant time or is impossible.

“The accident in Berozovskaya State District Power Station exposed the shortcomings of the Wholesale Market Regulations that resulted in consumers paying for the generating capacities that performance capabilities for a long time”, said Deputy Head of FAS, Vitaly Korolev. “I am confident that the efforts of the Antimonopoly Service will allow to prevent such situations in the future”.