3. Ensuring Develop and implement a Gradual tariff Implementation of a Development MEI Second half of adequate tariff policy in the increase up to Mid-Term Tariff funds 2013 partners’ Ministry of Economy revenues for electricity and thermal the level Policy, development reconstruction energy sector that ensuring full of a tariff Ministry of Social and provides for: cost recovery methodology Development modernization for generation, together with - Bringing tariffs for electric Ministry of Finance of the energy transmission development of and thermal energy up to the system in and distribution adequate social Social Fund of the level of full recovery of costs order to of electrical protection KR of repair, reconstruction, restore energy, and mechanisms and maintenance of existing uninterrupted modernization respective draft facilities and sector power supply and expansion resolution of the KR development; to consumers of the energy Government system, and - Implementation of a mechanism for sustainable repayment of loans, ensuring repayment of loans invested energy security in the energy sector; - Introduction of tariffs for Stimulating consumers to electric heating comparable implement to the cost of alternative fuel energy saving measures especially in Draft appropriate winter and use draft resolution of alternative fuel the KR Government resources based on the economic efficiency considerations; Develop and introduce modern long-term tariff methodology in the electric and thermal energy sector consistent with international standards Develop social safety net, including benefits and
3. Ensuring adequate revenues for reconstruction and modernization of the energy system in order to restore uninterrupted power supply to consumers Develop and implement a tariff policy in the electricity and thermal energy sector that provides for: - Bringing tariffs for electric and thermal energy up to the level of full recovery of costs of repair, reconstruction, maintenance of existing facilities and sector development; - Implementation of a mechanism for sustainable repayment of loans invested in the energy sector; - Introduction of tariffs for electric heating comparable to the cost of alternative fuel Develop and introduce modern long-term tariff methodology in the electric and thermal energy sector consistent with international standards Develop social safety net, including benefits and Gradual tariff increase up to the level ensuring full cost recovery for generation, transmission and distribution of electrical energy, and modernization and expansion of the energy system, and repayment of loans, ensuring energy security Stimulating consumers to implement energy saving measures especially in winter and use alternative fuel resources based on the economic efficiency considerations; Implementation of a Mid-Term Tariff Policy, development of a tariff methodology together with development of adequate social protection mechanisms and respective draft resolution of the KR Government Draft appropriate draft resolution of the KR Government Development partners’ funds MEI Ministry of Economy Ministry of Social Development Ministry of Finance Social Fund of the KR Second half of 2013