Kazakhstan has put forward an initiative to revise the principles governing the operation of the Eurasian Economic Union’s (EAEU) common electricity market, according to a statement from the EEC press service.
Kazakhstan’s Ministry of Energy has proposed amendments to the EAEU Treaty of May 29, 2014, aimed at significantly updating the approaches to the functioning of the common electricity market. Meeting participants emphasized the need for a detailed analysis of potential financial and economic risks, as well as an assessment of whether existing mechanisms are sufficient to protect national energy markets under current conditions.
Arzybek Kozhoshev, EEC Minister for Energy and Infrastructure, highlighted the significant progress made in developing the regulatory framework for the common market.
"Virtually the entire regulatory framework has now been approved, and the draft accession agreement with its regulations has been prepared," he noted.
For Kazakhstan’s proposal to be considered further, the country must provide additional analytical information. The EAEU experts will then return to the discussion of the initiative. The decision-making process is guided by the need to strike a balance between integration efforts and the protection of national interests within the Union.
CentralasianLIGHT.org
June 2, 2025