PRESS: Sechin suggests reform to cut prices of power for industry

MOSCOW, Jan 18 (PRIME) -- CEO of Russian oil major Rosneft Igor Sechin has suggested a reform of the power market to reduce prices for power for the industry, Kommersant business daily reported on Tuesday citing Sechin’s letter to President Vladimir Putin.

The initiatives include reduction of payments for non-working power plants, elimination of price manipulations by generating companies, and introduction of separate tariffs for nuclear power.

According to Sechin, the economic interests on the power market have been misbalanced in the past five years in favor of power producers and power grid companies. Prices for power rise faster than inflation, despite Putin’s orders.

Sechin suggests tightening of market control by the Federal Antimonopoly Service to prevent introduction of new markups to power rates, and introduction of a range of prices for power depending on a power plant’s loading.

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