Electricity Reform in the Republic of Uzbekistan: Towards Energy Market

Abstract

The author examines the main stages of the evolution of electricity reform in the Republic of Uzbekistan. This article analyses the legal foundation of the creation of energy market in the Republic of Uzbekistan and gives a short description of the stages of its elaboration. The article analyzes the use of competitive mechanisms in the electricity markets. The author expresses evolution of electricity reform in the Republic of Uzbekistan, problems of liberalization and competition policy, market organization in the energy sector and transition to the energy market in Uzbekistan. The justification of the possibility of competition in the electric power industry and the further development of this concept in practice can be considered particularly significant results of these studies.

Keywords: energy, electric energy market, monopoly, competition, market model