IDGC of the North-West formed a work group on realization of the project of transition to the system of the tariff regulation based on profitableness of the invested capital.

JSC AEK Komienergo becomes a pilot project among the distributive network companies of the north-west for preliminary calculation and introduction of the tariff regulation system based on the invested capital profitableness (RAB, or regulatory asset base). The corresponding order was signed by general director of IDGC of the North-West Veniamin Pinhkasik.

IDGC of the North-West created a work group for maintenance of realization of the project on implementation of the RAB tariff regulation. It is headed by Deputy General Director for the Economy and Finance Olga Makarova. 

Realization of the project on preliminary calculation and implementation of a new tariff system assumes several stages. Upon coordination of Kimienergo's participation in this project with the Tariffs Service of the Republic of Komi, it is planned to hold preliminary calculation of tariffs for transfer of the electric power under RAB. Then it is necessary to provide carrying out of estimation of initial base of Komienergo's involved capital (with attraction of advisers). The following stage is performance of final settlements of tariff and balance consequences of transition to tariff regulation under RAB and coordination of these calculations with the Tariffs Service of the Republic of Komi.

Calculation of consequences of transition to RAB will be made also in JSC Novgorodenergo.

'According to the action plan, presumably by 1 June 2008 we expect to receive final settlements of tariff and balance consequences of transition to the new tariff regulation system on two power supply systems', head of the work group Olga Makarova said.

Idea of the new tariffs system of RAB (Regulatory Asset Base) consists in compensation of the cost of the involved and joint-stock capital in the state- established tariff.

Now the electric power sector tariffs regulation applies the method of economically proved expenses (expenses plus) which does not stimulate the company to reduce costs and to invest funds in development.