Dmitry Vasiliev: competitive mechanisms are an essential conditions for capacity take-off to modernize generating facilities

17-10-2017 | 17:36

Speaking at Russian Energy Week, Head of FAS Department for Regulating the Electric Power Industry Dmitry Vasiliev stated: “Following the results of completing the long-term programme for launching new generating facilities under the capacity providing contracts (CPC) for electric power producers, there is a need to form a financial mechanism for further reproduction, particularly, modernization of generating facilities”.

FAS representative pointed out: “CPC is a mechanism launched earlier to attract investments in the industry. The good thing was that it was based on the reference costs principle.  Absence of competition in CPC is perhaps the most criticized part of this mechanism that must be reviewed when discussing the future modernization model”.

“Another important factor is clear obligations of a potential investor as well as shrewd planning of the future capacity demand”, continued Dmitry Vasiliev.

Summing up, Dmitry Vasiliev said that there should be a balance between the interests of consumers and generators and the level of prices, creating preconditions for consumers leaving the market, should not be exceed.

Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Institutional Memory Mission, Goals, Values Priority Setting Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings Global Competition Review Using our website International Cooperation Treaties & Agreements OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 OECD meetings 2018 OECD meetings 2019 OECD meetings 2020 OECD meetings 2021 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 15th session IGE UNCTAD 16th session IGE UNCTAD 17th session IGE UNCTAD 18th session IGE UNCTAD 8th UN Conference on Competition 19th session IGE UNCTAD EEU Model Law on Competition ICN BRICS BRICS Conferences Documents The BRICS Competition Law and Policy Centre (BRICS Competition Centre) BRICS Working Groups for the research of competition issues in socially important markets The Working Group for Research on the Competition Issues in the Pharmaceutical Markets Chair: Russia The Working Group for Research on food value chains Chair: South Africa The Working Group for Research on the Competition Issues in the Automobile Markets Co-chaired: India, South Africa The Working Group for Research on the Competition Issues in the Digital Markets Co-chairs: Brazil, Russia BRICS Coordination Committee on antimonopoly policy 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 Working Group for Studying Competition Problems in the Pharmaceutical Sector Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Document Library Legislation Reports & Analytics Cases & decisions COVID-19 Contacts Give feedback Contact us Links Authorities Worldwide