The EAEU approved the launch of a common electricity market from 2027 on the basis of bilateral agreements

The EAEU approved the launch of a common electricity market from 2027 on the basis of bilateral agreements

The Eurasian Intergovernmental Council on Friday approved an adjustment to the rules for the functioning of the EAEU's common electricity market so that in the first stage it will be launched in the form of trade within the framework of bilateral agreements, the Eurasian Economic Commission reported after the meeting of the Intergovernmental Council. "Starting on January 1, 2027, in the first phase, the trade in electrical energy will be carried out within the framework of free bilateral agreements without centralized trade," the report states.