Wednesday, March 22

The Heads of government of the Eurasian Five initiated the formation of the regulatory framework of the common electric power market of the EAEU

Google+ Pinterest LinkedIn Tumblr +

The Eurasian Intergovernmental Council, at a meeting on February 2-3 in Almaty, approved the rules for access to services for the interstate transmission of electric energy (capacity) within the framework of the common electric power market of the EAEU. This is the first part of the package of rules necessary to launch the common electric power market, which will be adopted by the heads of government of the EAEU.

The rules provide non-discriminatory access to the transit of electricity when trading it on the common electricity market of the EAEU, as well as the necessary conditions for the reliable functioning of national electricity markets.

The document will enter into force on January 1, 2025 simultaneously with the rules of mutual trade in electricity, the rules for determining and distributing the capacity of interstate transmission lines and the rules for information exchange on the common electric power market. With the entry into force of these acts, the common electricity market of the EAEU will begin to function.

“The idea of creating a common electricity market is one of the basic ones for the EAEU. We in the Commission strive to ensure its implementation in terms of new rules for this, in fact, a new market. First of all, it will affect the improvement of energy security and reliability of the functioning of the electric power complexes of the five countries,” said Minister of Energy and Infrastructure of the EEC Arzybek Kozhoshev.

Source: website of the Eurasian Economic Commission


Leave A Reply