ID :
360048
Fri, 03/13/2015 - 10:38
Auther :

Draft concept of common electricity market of Eurasian Economic Union will be ready by July

MOSCOW, March 12. /TASS/. The draft concept of the common electricity market of the Eurasian Economic Union (EEU) will be presented for review by July, minister of the Eurasian Economic Commission on Energy and Infrastructure Tair Mansurov said on Thursday. "The commission board meeting approved the draft concept for development of the common electricity market of the EEU by March 10, which shall be presented to the Supreme Eurasian Economic Council by July 1," Mansurov said. The draft paper provides an opportunity for the mutual electricity trading under free bilateral agreements and on the centralized auctions. Preparation of the EEU common electricity market program has recently started. The program is scheduled to be approved by July 2016. An international agreement on the EEU common electricity market is planned to become effective in 2019, Mansurov added. "Operation of this market will make possible to increase the power plants load and improve the throughput capacity of interstate power transmission lines, making possible to reduce power generation costs and lower energy intensity of EEU member-nations’ GDP," he said. Read more

X