The EAEU finalized the preparation of documents for the electricity market

In 2024, the preparation of basic documents forming the architecture of the common electric power market in the EAEU has been completed. This was reported to Izvestia by Deputy Prime Minister Alexey Overchuk.

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"For the formation of the common electric power market last year we finalized the preparation of basic documents forming its architecture. The rules of mutual trade in electricity, rules of information interaction between market participants and rules for determining and distributing the capacity of interstate sections of power grids have been approved. The preparation of technical and regulatory documents detailing the processes of interaction between market participants is at the final stage. In fact, the regulatory framework for launching the market is already ready. The main task now is to fine-tune the practical interaction of trade participants. This year we expect to hold the first test trades," said the Russian Deputy Prime Minister.

He noted that the electric power market is the most complex in terms of the structure of trade organization.

"We are forming a unique mechanism of electricity trade, which allows live contracting and balancing of energy flows between five states at once. The full-format launch of the market is planned from January 1, 2027," the Russian Deputy Prime Minister added.

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