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Russia's Ministry of Economic Development Expects 11% Tariff Growth For Utility Fees From July 2012

Thursday, Sep 29, 2011 at 9:30 am in Utilities
Posted by Tim Berg, Analyst

Minister of Economic Development Elvira Nabiullina provided details of the recent budget committee meeting, which shows that utility fees are to receive 11% tariff growth from July, 1 2012 (5.5% full-year average), followed by 9-10% in 2013 and 10-12% in 2014. Residential electricity prices are to rise by 6% from 1 July 2012.

MRSK Holding had earlier expected 10-12% tariff growth for 2012, while Federal Grid Company guided for 15%-17% growth. What had come as unexpected was the recent decision to move the tariff hike from January, 1 to July, 1, and we now see confirmation that the tariffs will see no upward adjustment for the 1H2012 shortfall in revenues. 

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