FAS: LEGAL STATUS WILL BE ADDED TO “GREEN” ENERGY INSTRUMENTS

Vitaly Korolev, Deputy Head of the FAS Russia, noted that it is necessary to work out the issue of economic and tax incentives for organizations that develop green energy. It was announced at the VII Conference “Priorities of the market electric power industry in Russia. Market ecology, market and ecology”.

The representative of the authority pointed out that now organizations are mainly guided by the world standards of ESG reporting, and the FAS sees the need to directly stimulate the production and purchase of this type of energy. This will provide additional development of renewable energy sources and will be a serious step towards the goal of achieving carbon neutrality, which was determined by the President of the Russian Federation.

Vitaly Korolev emphasized that the FAS, as an economic regulator, will consider issues of market pricing and solve problems related to state regulation of determining the cost of “green” energy sources.

“It is worth emphasizing the current exchange instruments that can show relevant prices for a number of markets. At the same time, the segment of over-the-counter transactions will also remain quite wide,” the Deputy Head continued. “Thus, for the new market, it is necessary to leave the flexibility of regulation in combination with state and market instruments, because the more opportunities there are for bilateral interactions, the more actively this agenda will be promoted.”

Vitaly Korolev also added that competition has globally changed views on the role of consumers in the energy market.

“Now they have become the main actors, and the industries like electric power, housing and utilities, fuel and energy compete with each other for the existing resources of the consumer, which he is ready to use for his activities,” the Deputy Head of the FAS Russia pointed out.