Federal Energy Commission elaborating on law on price policy

The Federal Energy Commission of the Russian Federation has applied to thegovernment with a proposal to elaborate on a federal law on the basics of aprice policy in the Russian Federation aimed at systematizing numerousdecrees in the sphere of price regulation so that it would use traditionaland envisage new forms and methods of government influence on economicprocesses.Currently there are three federal laws and about ten by-laws that regulatepricing in the country, Nikolay Zaytsev, head of the press service of theFederal Energy Commission, specified in an interview withRosBusinessConsulting. The Commission's initiative is due to therestructuring of natural monopolies and expanding free market relations inthe spheres that are currently regulated by the government, he noted.Moreover, this law, which is elaborated on by the Federal EnergyCommission, will regulate relations between the Federal Energy Commissionand regional energy commissions. According to the Federal Commission'sposition, the authority of regional commissions on regulating electricaland heating energy tariffs should not be cut, as the centralization oftariff regulation may lead to economically unjustified results, Zaytsevpointed out..