SverdlovEnergoSbyt becomes region’s guaranteeing supplier

‘SverdlovEnergoSbyt has become Sverdlovsk Region’s guaranteeing supplier, with the guaranteed amount of electricity coming to 95% for the year 2007,’ announced the presenters at the conference devoted to the introduction of the new competitive electricity market.

According to Provision of the Russian Government on rules and regulations for the performance of retail electricity markets during the transition period, Sverdlovsk Region is only allowed to have one guaranteeing supplier. The new market is expected to expand by 5 % to 10% every year.