The Cabinet of Ministers of the Russian Federation has approved amendments to the procedure for changing supplier

The document provides for a reduction in the period for the transfer of Approved Electricity Supplier status to the new company from 156 to 52 days. In this case the obligations of the company deprived of Approved Electricity Supplier status will be auctioned and the winner of the tender will have to make an offer to all the creditors.

If there is no winner of the tender the Ministry of Energy will award the status of GS to a regional grid organisation or to the Federal Grid Company.