An energy market regulator is being created in Uzbekistan
By decree of the President of the Republic of Uzbekistan, the Agency for Development and Regulation of the Energy Market (industry regulator) is created. Uzenergosotish JSC will also be created, to which the function of centralized purchase and sale of electricity will be transferred from National Electric Networks of Uzbekistan JSC.
A presidential decree “On measures to implement the next stage of energy sector reform” was adopted.
According to the decree:
• Uzenergosotish JSC will be created, performing the functions of centralized purchase and sale of electricity;
• JSC “National Electric Networks of Uzbekistan” is appointed as the operator of a unified backbone electricity transmission system, specializing in the transportation and transit of electricity;
• the Agency for Development and Regulation of the Energy Market (energy market regulator) will be created.
From July 1, 2024, the function of centralized purchase and sale of electricity will be fully performed by Uzenergosotish JSC, and the function of operating main electrical networks will be performed by National Electric Networks of Uzbekistan JSC.
From January 1, 2025, the obligations of the National Electric Networks of Uzbekistan under contracts for the export and import of electricity, electricity purchase agreements signed with private power plants will be fully transferred to Uzenergosotish JSC.
Until January 1, 2025, contracts for the export and import of electricity of National Electric Networks of Uzbekistan JSC and electricity purchase agreements concluded with private power plants will be reissued to Uzenergosotish JSC.
By February 1, 2024, with the technical support of international financial institutions, a new methodology for setting electricity tariffs will be developed.
By May 1, 2024, a new procedure for transmitting electricity through the main electrical networks of the National Electric Networks of Uzbekistan, tariffs for the purchase and sale of electricity for Uzenergosotish and the distribution of funds received for electricity will be approved.