Citation:
Abstract:
Excerpt from the Introduction:
In January 2004, a World Bank (WB) mission, including both WB staffers and two outside consultants, visited Moscow to review the proposal of RAO-UES, , the stateowned electric utility, to restructure the Russian power sector in ways that would promote competition and render the sector more efficient. The objective of the WB mission was to produce two Policy Notes, one on market design, and the other on regulation. After extensive review of documents and meetings with a broad array of critical players in the market, as well as interaction with Russian counterparts, the Policy Notes were written in June 2004. Those papers, based on the submissions of the two outside consultants (Larry Ruff for market design and Ashley Brown for regulation), were distributed within the Russian power sector.