State Financial Control over Expenses of Electric Grid Companies

The purpose of the study. Today, the issue of state financial control over electricity market participants has not been sufficiently studied in the scientific literature. The existing developments on the issue of state financial control do not take into account industry specifics. The article discusses the issues of state financial control over electric grid companies, as it is easier to understand the industry specifics of such control using the example of such organizations. In the article, the author offers his definition of the term «state financial control over electricity market participants», identifies special groups of methods and individual methods applicable to electric grid companies, classifies the types of such control for such organizations and notes the weak effectiveness of current control. The author suggests improving such a key function of the state by involving the Ministry of Energy of the Russian Federation more in this process, namely, the procedure of state financial control over electric grid companies should be supplemented by involving all costs of such organizations of the Ministry of Energy. Indeed, in the current state of affairs, the Ministry is involved only in approving the costs of investment projects, and this is only a small part of the costs of electric grid organizations. Such a step will significantly strengthen control over the spending of state-controlled finances, only slightly complicating it.