ARMENIA, KAZAKHSTAN, KYRGYZSTAN, RUSSIAN FEDERATION: Concept of Formation of the Common Electric Power Market of the Eurasian Economic Union (EAEU)
Present Concept is developed pursuant to art. 81.2 of the Agreement on the Eurasian Economic Union dated 29 May 2014 with an aim to strengthen regional dialogue and cooperation on the establishment of a common power market. Bridging the gap between power market development needs is considered crucial for fostering regional integration and spurring economic growth. The policy came into force subsequent to approval of the four members of the Supreme Eurasian Economic Council (Armenia, Belarus, Kazakhstan, and the Russian Federation) on 8 May 2015.