The Russian State has, in the form of the assets that make up the power and heat sector, a potentially valuable asset that could be further liberalised and leveraged in order to achieve a number of stated aims: to maximise the value of those assets within a competitive market structure, to encourage external capital and know-how into the sector and to create an efficient power market as a growth engine for the Russian economy generally.
Legislation is already in place to allow for liberalisation, but Russia is at the critical stage that many other economies have gone through – trying to add controversial and difficult detail onto the tableau of vague principles that already exist.
