Russia forges ahead with power market liberalisation

The freely-traded portion of the electricity market in Russia was increased from 30% to 50% on July 1.

The rise is in line with the state's plans to achieve 100% free pricing by 2011 and sends a positive signal to the market that it will follow through with complete liberalisation, according to utilities analysts at investment bank Otkritie.

Although it is too early to draw long-term conclusions, Otkritie says the upsurge in electricity volumes traded on the market has not sparked drastic price

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