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. Last Updated: 07/27/2016

Electricity Rules Changed

The government approved new rules for the retail electricity market, Vladimir Putin said at a meeting devoted to the issue, Interfax reported Friday.

The new rules, Putin said, "govern relations between suppliers and consumers of electricity and contain several major innovations." The new rules introduce fines of three times the cost of electricity for unmetered consumption and lift restrictions when changing suppliers.

"We need real steps to improve competition in the retail electricity market, moreover power companies must have a robust and predictable environment, robust and predictable demand," Putin said.

(MT)