OREANDA-NEWS. July 13, 2011. The Head of the FAS Russia’s Department for Control of Electric Power Industry, Vitaly Korolyov had a meeting with representatives of a delegation of the International Energy Agency (IEA), reported the press-centre of FAS Russia.

The purpose of IEA representatives was to obtain more detailed comments about the work of the antimonopoly authority, particularly, about control over economic concentration in electric power industry, analysis procedures, and decision-making by the antimonopoly bodies, etc.

IEA representatives asked to explain how decisions are made in particular cases (possibility to challenge refusals, determinations, as well as specifics of judicial consideration), which criteria, methodological and analytical tools are used by FAS Russia (particularly, to control price manipulation).

The parties also discussed advantages and disadvantages of various legal systems in terms of regulating economic concentration, as well as execution of determinations issued by the antimonopoly bodies and sanctions applied to legal entities and executive officers.

The parties discussed issues related to the FAS Russia’s authority in course of competitive capacity outtake, which is a rather new function of the antimonopoly authority. Responding to a request of IEA representatives, Vitaly Korolyov explained the FAS Russia’s position about enlargement of 27 free power transfer zones, which FAS Russia analyses on an annual basis for the purposes of organizing competitive capacity outtake.

Vitaly Korolyov talked about the legal basis of control over economic concentration on the market of electric power industry, and about cases of imposing structural and organizations requirements (using the example of “INTER RAO UES” OJSC).

Summing up the results of the meeting, IEA representatives promised to take into account the obtained information when compiling an annual report and pay special attention to the state of competition on the market of electric power industry, particularly, in Russia.

A vivid and open dialogue is a guarantee of productive cooperation.