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22 January 2021, 19:59

EAEU countries reach consensus on fundamental matters of common energy market

MOSCOW, 22 January (BelTA) – Representatives of the Eurasian Economic Union member states have reconciled their views on a number of matters of fundamental importance for the formation of the common electrical energy market, the press service of the Eurasian Economic Commission told BelTA after the latest session of the on advisory committee on electrical energy.

According to the source, representatives of authorized government agencies and energy companies of the Eurasian Economic Union member states came up with a consensus on a number of matters that required immediate attention for the sake of working out operation rules of the Eurasian Economic Union common electricity market. In particular, the sides achieved a positive result in matters concerning electricity transit unrelated to electricity trade on the union's common market. Interstate electricity transfer was also discussed at the session. The sides also discussed the idea of creating a common electricity market operator and agreed that the studying of Kazakhstan's initiative will continue.

Members of the committee approved a draft action plan on implementing strategic directions of development of Eurasian integration till 2025, in particular, the part that deals with the formation of the common electricity market. Members of the committee also considered the possibility of setting up a council of heads of power engineering authorities of the member states.

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