Chapter 16

The Russian Electricity Market Reform

Toward the Reregulation of the Liberalized Market?

Anatole Boute,    Lecturer in Law at the University of Aberdeen, Legal Adviser to the IFC Russia Renewable Energy Program (The World Bank Group)

1 Introduction

With a total installed capacity of approximately 219 GW,1 the Unified Power System of the Russian Federation is the fourth largest electricity system in the world, covering a vast region that, as illustrated in Figure 16.1, extends from Russia’s borders with the European Union to China and the Pacific Ocean.

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Figure 16.1 The Unified Power System of the Russian Federation: major transmission ...

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