Azerbaijan defines directions of strategic development of energy sector

Azerbaijan defines directions of strategic development of energy sector
# 01 October 2015 12:54 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. The Energy Ministry has defined the priority directions of strategic and effective development of energy sector in Azerbaijan taking into account the proposals of local and foreign specialists, energy organizations.

 

According to Ministry, the determination of priority directions of strategic and effective development of energy sector aims to achieve effective usage of all energy resources of the country (natural gas, energy, water, solar, wind, industrial wastes and etc.), full usage of these resources in energy balance and high development of the country’s economy.  

 

The issues of strategic development plan of energy sector which make priorities are following:

 

1. Elaboration of 25-30-year development strategy of the energy sector;

 

2. Elaboration of 15-20-year State Programme on effective usage of energy resources;

 

3. Elaboration of 5-year State Programme on development of energy sector.

 

For strategic and effective development of energy sector, a legislative framework should be created and improved. Following duties are expedient to be fulfilled:

 

1. Development of a draft law regarding domestic market regulated on energy;

 

2. Development of a draft law regarding domestic market regulated on natural gas;

 

3. Development of a draft law regarding Independent Regulatory Body regulating domestic energy markets (on electric and natural gas);

 

4. Preparation of Network Code on energy;

 

5. Preparation of Network Code on natural gas.

 

Along with this, following measures are offered to be taken in the sphere of structuring of market subjects and tariff policy:

 

1. Restructuring electric, energy and natural gas systems (Azerenergy, Azerishig and Azerigaz) on the basis of market subjects considered in the legislation;

 

2. Creation of elastic tariffs system which reflects interests of consumers and other market subjects, is distributable and guided by base price of the product or service.

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