State plans to regulate price parameters on electricity market when volatility is high
MOSCOW. Sept 11 (Interfax) - The Federal Tariffs Service (FTS) jointly with the Energy Ministry and Market Council has drafted a resolution aimed at preventing steep price swings on the wholesale electricity market, the FTS said in a statement.
The document provides for directly regulating prices by setting the upper and lower bounds of bids and offers on the day-ahead market, the main section of the electricity market, and "calculating the average prices without formation of the marginal price."
Under the draft, the direct price regulation regime would expire within 30 days of its invocation.