Experts of the Project Office of the Ministry of Energy have developed a concept that includes a three-stage transition to the wholesale competitive electricity market for 2021-2025.
The first stage provides for the liberalization of electricity companies and obtaining licenses for private enterprises wishing to sell electricity. This market-based approach is expected to improve product quality and help reduce prices.
During the second stage transition to a competitive wholesale electricity market, an operator of the electricity distribution system will be set up, and the functions of selling electricity to consumers will gradually be transferred to suppliers. These suppliers will be entitled to sell electricity to consumers through a license. Consumers will be able to purchase electricity through an online trading platform or through any supplier.
The third stage is “Intraday (hourly) sales”, which implies online purchase of excess or sale of deficient volumes of hourly production and consumption of electricity will be carried out on the trading floor.
Also, efforts will be ongoing will continue to improve the regulatory framework of the energy industry. In particular, work is being actively carried out on the examination of the developed projects: the Electricity Law of the Republic of Uzbekistan (work on it was carried out jointly with experts from the European Bank for Reconstruction and Development and the World Bank), the President’s Additional measures to reform the electric power industry Decree, Government’s Approval of the Code of main electrical networks Resolution.
