for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Russia suspends power grid pricing reform

MOSCOW, Nov 25 (Reuters) - Russia's transition to regulated asset-based pricing for inter-regional electricity grid companies has been suspended due to the global financial crisis, a top executive at MRSK Holding MRKHI.RTS said on Tuesday. MRSK Holding is the state-controlled grid company.

“Certain regulators said: ‘Let’s wait on this. Why risk it now?’” said Andrei Lukin, MRSK Holding’s director of strategy and development.

“Those pilot projects that we were working with are now, if not frozen, then certainly suspended,” Lukin told an electricity conference. (Reporting by Simon Shuster, writing by Robin Paxton)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up