ArmInfo.From January 1, 2022, Armenia will switch over to a new, liberal wholesale and retail electricity market model, reports the RA Public Services Regulatory Commission. On January 5, the Commission approved a number of amendments to the relevant rules and standard contract forms.
The amendments are designed to create necessary legal and economic preconditions for liberalizing Armenia's energy market and introducing elements of competition, which set the rules of liberal market trade, including the order of changing suppliers by consumers, requirements to be met by market participants: copying the forms of contracts signed with consumers, indicating that the Electric Networks of Armenia CJSC is to produce the forms of individual contracts on regular basis until January 25, 2022. In case a consumer does not inform the Electric Networks of Armenia CJSC of cancellation of the electric power supply contract in written form before February 1, 2022, the company will continue supplying electric power to the consumer from that date on. This contract will be considered changed in conformity with the form of the public contract for electric power supply and guaranteed electric power supply.
The Commission also points out a need for new trade principles, rules for new market participants, types of activity not liable to tariff regulations. Of importance is also transparency of operations and mechanisms for a smooth transition to a new energy market model.
The Commission elaborated the projects with the sponsorship of the USAID Market Liberalization and Electricity Trade (MLET) project.
