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Conference “RAO “UES of Russia” is an Open Company. On the Threshold of the Reform”

11 December, Moscow. Conference “RAO “UES of Russia” is an Open Company. On the Threshold of the Reform”. RAO UES of Russia. Tariff Policy and Costs Reduction. Yakov Urinson. Vice-Chairman of the Management Board.

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Conference “RAO “UES of Russia” is an Open Company. On the Threshold of the Reform”

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  1. 11 December, Moscow Conference “RAO “UES of Russia” is an Open Company. On the Threshold of the Reform”

  2. RAO UES of Russia Tariff Policy and Costs Reduction Yakov Urinson Vice-Chairman of the Management Board

  3. 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

  4. 1990 1994 1995 1996 1997 1998 1999 2000

  5. 1995 1996 1997 1998 1999 2000

  6. 1990 1994 1995 1996 1997 1998 1999

  7. 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Disparity of prices and delay in tariffs increasing has damaged the economic operation of power companies. During 9 months of 2001 26 companies of RAO UES holding became unprofitable (the summarized losses amounted to RUR3294.5bn).

  8. 5,0 1990 ……. 1997 2000 2001 2002 2003 2004

  9. Share of electrical energy costs in cash incomes of the population and industrial expenditures Share of electrical energy costs in cash incomes of the population Share of electrical energy costs in industrial expenditures Average during the corresponding year

  10. Costs management Results, problems and tasks • Major sources of costs reduction: • Fuel costs (57%) • Overhaul costs (11%) • Non profile activity costs (9%) • Raw material costs (8%) During 9 months of 2001 the costs have been reduced by RUR8.5bn or by 3.8%of the total costs to be reduced • Instruments of implementation: • business planning; • budgeting; • costs management projects A Decree of the Russian Governemnt «On Stimulating Costs Reduction In Organisations of the Power Sector» is needed • The resources gained as a result of costs reduction may be used in: • financing energy saving projects; • motivated and training the personnel, social programmes

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