News
Centralized Electric Power Trade to Allow for Optimal Use of Supply Opportunities between Union's countries
On September 30 in Yerevan on the sidelines of the 3rd Eurasian Economic Forum a round table Prospects and Advantages of Participants in the Common Electricity Market of the EAEU in Centralized Trading of Electricity was held featuring Deputy Heads of authorized bodies of the Eurasian Five countries in the energy sector and heads of electric power organizations.
The session participants focused on the mechanisms of electric power market pricing in centralized electricity trading. They discussed exchange mechanisms, ensuring non-discriminatory conditions for market participants, prospects for using national currencies and expectations of potential participants in the Union's common electricity market.
Separate consideration was given to the arrangement of an information exchange system in the common electricity market of the Union and the mechanisms for implementing electronic digital signatures, including those issued in the Union states, in trading.
"In the context of the growing global energy prices, the decision of the Eurasian Five countries to create a common electricity market is a rational decision to have balanced prices and tariffs for electricity and to achieve positive growth dynamics of the national EAEU economies. The launch of the common electricity market will contribute to increased energy security of the Eurasian Economic Union Member States," said Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission.
The Minister also stressed that centralized trade in electricity, which ensures non-discriminatory conditions for common electricity market participants, would make it possible to make optimal use of the available opportunities for electricity supplies between the countries of the Union via interstate transmission lines to reduce the generating capacity shortage and increase the mutual trade volume within the EAEU.
