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Russian president signs law on state regulation of gas tariffs

April 08, 2013, 16:58 UTC+3

As was reported by the Kremlin press service

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MOSCOW, April 8 (Itar-Tass) - Russian President Vladimir Putin has approved amendments to the Federal Law “On Gas Supply in the Russian Federation” and some legislative acts adopted by the State Duma lower house of parliament on March 15 and approved by the Federation Council upper house on March 27, the Kremlin press service reported.

The amendments “are aimed at improving the state regulation of natural gas prices (tariffs): they determine the mechanisms to cancel decisions of the executive authorities of subjects of the Russian Federation in the field of state regulation of tariffs adopted in violation of the law; eliminates the ‘gap’ in the legislation regarding the application of regulated gas prices to process gas losses in distribution networks during its transit, as well as during emergency, maintenance and other works.”

The law also sets the uniform approach to the regulation of tariffs for the connection of a capital construction facility to the gas distribution networks.

In addition, amendments are introduced to the Laws “On Energy” and “On peculiarities of electric power industry functioning in transition” and to some legislative acts in connection with the adoption of the Federal Law “On Electric Power Industry,” which establish the order of control of the Russian Federation over the organisation for the management of the unified national (all-Russian) power grid through the state’s direct or indirect ownership of stakes in its equity capital.


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