Energy Ministers of the EAEU countries discussed the unsettled provisions of the regulatory framework of the common electricity markets, and also agreed on the choice of trading platforms

The formation of the regulatory framework for common markets for energy resources was the key topic of the meeting of the Council of Heads of Authorized Bodies in the Energy Sector, held in Bishkek on May 25.

A significant block of questions concerned the formation of a common electric power market of the Union (CEM of the Union). The ministers discussed certain unsettled provisions of the draft rules for access to services for the interstate transmission of electric energy (capacity) within the framework of the Union's CEM and the rules for mutual trade on the Union's CEM, affecting the procedure for registering free bilateral contracts, determining the magnitude of deviations in the balance of electricity flows in each interstate section. As well as the principles of determining the cost of hourly deviations of the balance-flows of electrical energy. The participants of the meeting discussed the conditions for the provision of services for non-trade interstate transmission of electricity in the presence of disagreements on the terms of the contract.

The heads of the Ministries of Energy agreed on the choice of trading platforms, which will be instructed to organize centralized trading of electric energy under fixed-term contracts and for the day ahead on the Union's CEM.

For the organization of centralized trading under futures contracts, 3 trading platforms have been identified: "Kazakhstan Operator of the Electricity and Capacity Market" (JSC "KOREM"), JSC "St. Petersburg International Mercantile Exchange" and JSC "Belarusian Universal Commodity Exchange", which, as planned, they will carry out the conclusion of transactions in a single trading session of the indicated trading floors.

 JSC "Administrator of the Trading System of the Wholesale Electricity Market" was appointed as the operator of centralized day-ahead trading.

 The Council of the Eurasian Economic Commission will have to approve the choice of these trading floors at the next meeting.

 Also, within the framework of the meeting, the need to create a Council of Heads of Authorized Bodies of the Union Member States in the field of energy and organizational documents for its functioning was agreed.