ARTICLE · 10 APRIL 2024

Framework For Power Market

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Law No. 858-VIQ, dated 11 April 2023, On Power Industry [Electro-Energetics], is promulgated on 19 May 2023 taking effect as of 2024.

AzerbaijanEnergy and Natural Resources

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Law No. 858-VIQ, dated 11 April 2023, On Power Industry [Electro-Energetics], is promulgated on 19 May 2023 taking effect as of 2024.

The Law will be implemented in three steps:

initially, from the date of entry into force of the Law, 1 January 2024, through 30 June 2025, inter alia, management of electricity generation and transmission will be separated;
in the second stage, from 1 July 2025 through 30 June 2028, the market operator (a separate legal entity under the transmission system operator) will be formed, management of electricity distribution and electricity supply separated, and purchasing of electricity from all generators (excluding those selling electricity to guaranteed purchasers under the existing Law, On Use of Renewable Energy Sources upon Electricity Generation) implemented, among others; and

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