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Russia introduces new model for heat energy use

October 06, 2014, 13:08 UTC+3 MOSCOW

Necessary legislative regulations are due by mid-2016

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MOSCOW, October 6. /TASS/. Russia will introduce from 2015 a new model for use of heat energy, and all big cities will be using it fully from 2020, Deputy Prime Minister Arkady Dvorkovich said on Monday.

The program will implement a practice of long-term regulation of tariffs, which will be based on prices for alternative heat supplies’ sources, not on expenses and revenues of the supplying companies. Thus, the growth of tariffs could be controlled for 60% of Russians.

Investors are interested in this regulatory mechanism, and the total investments to 2025 will be about 2.5 trillion rubles (almost $63 billion), the official said. Necessary legislative regulations are due by mid-2016.

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