The paper deals with issues of stable functioning and development of the electric power complex of the Russian Federation. The analysis carried out in the study revealed a number of factors that adversely affect the electric power complex, including the creation of completely new conditions for the functioning of electric power companies, the formation of competition and the electric power market, an increase in equipment service life and a fall in the financial stability of the electric power complex. It was found in the work that such changes occur not only the first year, but over a long period of time, the analyzed indicators do not improve, but, on the contrary, they are worsened in terms of qualitative and quantitative indicators. It was substantiated in the work that the solution of emerging problems is possible through the merger of energy companies, making it possible to reduce the use of inefficient and wasteful energy, improve the financial situation and monitor all business processes involved in the production of the energy company. Creating a unified corporate integrated structure will increase the investment attractiveness of the industry and concentrate financial resources on the most popular and highly efficient projects. In conclusion, the study presents the main findings and results of the work.