ArmInfo.The implementation of the program for the liberalization of the electric power complex of Armenia will be completed within the next two years, the Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Artur Grigoryan told ArmInfo on June 30.
According to him, since last year the implementation process has already begun, and certain time is needed for the program to fully work. "A good legislative base has been developed, all prerequisites have been created for more active work to this goal," the Armenian Minister said, pointing out the importance of this program, which will not only promote the development of the electric power market, but also reduce tariffs. To recall the program of liberalization of the electricity market of Armenia, launched in 2017, envisages the introduction of the institute of an alternative electricity supplier. The consumer will have the opportunity to purchase electricity from other suppliers besides "Electric Networks of Armenia",. Nevertheless, the "Electric Networks of Armenia" will remain the guaranteed supplier of the product. Those consumers who do not want to purchase electricity from alternative suppliers, can continue to receive it from networks. Another innovation concerns the entry of large wholesale consumers into the market, who will be able to purchase electricity directly from generation facilities, import it and use it for their own needs. Thus, according to the program, the actions of large wholesale consumers are considerably simplified, the licenses for which are combined into one. This measure is aimed at regional integration, which should lead to a significant increase in the private sector market. The powers of the regulatory bodies, represented by the Ministry of Energy Infrastructures and Natural Resources of the Republic of Armenia and the Commission on Regulation of Public Services, are also regulated.
