Belarus and Russia to finalise rules for joint electricity market, minister says
In short
Belarus and Russia are expected to sign rules for their joint electricity market soon, Belarusian Energy Minister Denis Moroz (Денис Мороз) said. A treaty on forming the market was signed in December 2024.
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Belarus and Russia will soon finalise arrangements for their joint electricity market by signing its operating rules, Belarusian Energy Minister Denis Moroz (Денис Мороз) said, according to Kommersant. Speaking on ONT television, Moroz said a treaty was already signed and that the next step was to formalise the remaining arrangements through the rules. [ 3 ]
Moroz said electricity exchanges between the countries would improve reliability and availability. TASS reported that a key feature of the market would be interaction between businesses in the two countries for exchanging electricity. RIA Novosti also reported plans for Minsk and Moscow to sign the operating rules. [ 1 , 2 , 3 ]
Presidents Alexander Lukashenko and Vladimir Putin signed the treaty on forming the Union State’s joint electricity market in Minsk on December 6, 2024, Kommersant reported. In August this year, Belarus’s Council of Ministers approved a draft agreement with Russia on approving the rules for the market’s operation, the newspaper said. [ 3 ]
Why it matters
Moroz said electricity exchanges between the two countries would improve reliability and availability. TASS reported that the market would establish interaction between businesses in both countries for electricity exchanges.
Key facts
- Moroz said Belarus and Russia would soon finalise their arrangements by signing market rules. [ 3 ]
- The market would establish interaction between businesses in the two countries for electricity exchanges, Moroz said. [ 2 ]
- The presidents signed the treaty on forming the market in Minsk on December 6, 2024. [ 3 ]