Agreement on forming of the total electrical power market of the State Parties of the Commonwealth of Independent States

of May 25, 2007

The State Parties of the Commonwealth of Independent States on behalf of the governments which are hereinafter referred to as with the Parties

considering great value of power industry for development of economy, growth in prosperity and level of social security of the population of the states,

for the purpose of increase in energy security of gosudarstvuchastnik of the CIS,

proceeding from objective requirement of combination of the efforts directed to forming to the CIS of the legal space allowing to provide fair competition, creation of conditions for increase in efficiency and competitiveness of economy and electric power industries of the State Parties of the CIS

aiming at further development of interstate cooperation, growth of amounts of foreign trade, use of the international experience and standards in the field of power industry,

being guided by the Agreement on ensuring parallel work of electric utility systems of the State Parties of the Commonwealth of Independent States of November 25, 1998,

based on the Concept of forming of the total electrical power market of the State Parties of the Commonwealth of Independent States approved by the Decision of Council of CIS Heads of Government of November 25, 2005 (further - the Concept),

agreed as follows:

Article 1

For the purposes of this agreement the following determinations are used:

the total electrical power market of the State Parties Sngsistema of the relations between subjects of the State Parties of this agreement, connected with purchase and sale of the electric power and the accompanying services, acting on the basis of the general rules and the relevant agreements;

electrical energy - special type the goods which are characterized by simultaneity of its production and consumption and requiring permanent and continuous maintenance of its parameters in the set limits;

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