• 1 Introduction
  • 2 The Russian Power Industry
  • 2.1 Basic Features
  • 2.2 Structure of the Industry
  • 2.3 Regulation of Tariffs
  • 2.4 The New Drive for Reform
  • 3 International Experience in Reforming the Power Industry
  • 3.1 Approaches
  • Privatization and Improved Regulation
  • Moving towards competition
  • 3.2 Improving efficiency
  • 3.3 Failing on Competition?
  • Vertical Separation and Short Term Markets
  • Curbing market power with price-caps?
  • `Pay as you bid' instead of uniform pricing?
  • Negotiated Third Party Access: the Unlikely Success Story?
  • 4 Lessons for Russia?
  • 4.1 Tariffs
  • Tariff Level
  • Tariff Structure
  • Regulatory Commitment and Cost Incentives
  • 4.2 Competition and Market Structure
  • 4.3 Investment
  • 5 Conclusions
  • 6 Appendix
  • 6.1 Energos
  • 6.2 UES-Plants