The Energy Market Development and Regulation Agency of the of the Republic of Uzbekistan (hereinafter referred to as the Agency) was established in accordance with the Decree of the President of the Republic of Uzbekistan (No. UP-166, dated September 28, 2023) “On measures to carry out the next stage of reform in the energy sector.” The activities and priority areas of the Agency are defined in the Resolution of the President of the Republic of Uzbekistan (No. PR-28, dated January 17, 2024) “On measures for organizing the activities of the Energy Market Development and Regulation Agency.”

The Agency is a republican government body for control and regulation of the energy market, and is subordinate to the Cabinet of Ministers of the Republic of Uzbekistan.

The execution of decisions adopted by the Agency within the framework of Its authority is mandatory for ministries, departments, local government bodies, and other organizations, as well as officials and citizens.

The Agency's priority guidelines are:

• Ensuring stage-by-stage organization of wholesale and retail electricity markets based on competition;

• Supporting competition in the wholesale and retail electricity markets;

• Ensuring the attractiveness of the market and the balance between supply and demand;

• Establishment of state control over compliance with legal provisions ensuring equal rights and transparency for all participants in the competition-based wholesale and retail electricity markets;

• Licensing the activities of participants based on competition in the wholesale and retail electricity markets, and establishing control over their compliance with the terms of the license;

• Approval of tariffs and amounts of payments for the transmission and distribution of electricity, as well as, if necessary, in other cases;

• Approval of permissible standards for technological losses arising during the transmission and distribution of main and distribution electricity in electrical networks;

• Participation in the formation and implementation of long-term investment policy aimed at planning an increase in production volumes and the creation of infrastructure, based on market conditions and the need for energy resources;

• Development of mechanisms to stimulate the purchase of local goods and services during construction and repair work in the energy sector.