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PM Medvedev urges to create prospective model of retail electricity market

September 28, 2016, 14:25 UTC+3 GORKI
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GORKI, September 28. /TASS/. Russia’s Prime Minister Dmitry Medvedev calls to develop a prospective model of the retail electricity market with distributed generation [power generation at the point of consumption - TASS]. The Prime Minister made such a statement at the meeting of economic modernization and innovative development council on Wednesday.

"We need to create a looking-forward model of the retail electricity market with distributed generation. Such models may be discussed already at the turn of this year - early next year," Medvedev said.

At the same time, the majority of technical regulations in electricity spheres is obsolete and requires updating, the Prime Minister said. "The majority of technical regulations were developed more than 15 years ago; these regulations and standards are obsolete now. The regulatory base requires updating, modern definitions should be introduced and new legal statuses of consumers and producers of the distributed energy sector," Medvedev said.

It is also required to develop requirements for pilot projects in the electric power sector in order to use them later on within the framework of the energy system at large," the Prime Minister added.

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