20-June-2005
English, , 42kb
The Russian government has embarked on a highly ambitious program of electricity reform. Russian policymakers have recognised that attracting timely and appropriate investment will remain a substantial and ongoing challenge, which can most effectively be addressed through the creation of efficient electricity markets operating in response to genuine price signals, within a robust and predictable legal and regulatory framework.
20-June-2005
English
The Russia review follows a multidisciplinary approach and covers the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness.
20-June-2005
English, , 383kb
Competition policy is central to regulatory reform, because its principles and analysis provide a benchmark for assessing the quality of economic and social regulations, as well as motivate the application of the laws that protect competition. As regulatory reform stimulates structural change, vigorous enforcement of competition policy is needed to prevent private market abuses from reversing the benefits of reform. A complement to