Photo Credit: NARUC
Regional optimization — both in the regulatory sphere and in network performance — requires market-based, cross-border trade of electricity to take advantage of the Black Sea region’s diverse generation resources (hydro, wind, solar, coal, gas, and nuclear) and seasonal variations in supply and demand of electricity. These arrangements necessitate advancements in supporting regulations, technical procedures, and favorable investment conditions.
National market reforms are not sufficient to support the growing need for investments in generation and transmission sectors. Each Black Sea country sees cross-border trade (including clean energy resources) as essential to accomplish national energy strategies and related regional objectives.
With the support of the United States Agency for International Development, the Black Sea Regulatory Initiative (BSRI) aims to increase harmonization and coordination of cross-border electricity trading frameworks in the region. NARUC has assisted regulators from Armenia, Azerbaijan, Georgia, Moldova, Turkey, and Ukraine as they have focused on key ingredients of cross-border trade, including common market rules, improved regional coordination, and regional electric transmission planning.
NARUC also has supported the BSRI in developing effective incentives for clean energy projects at the national level and eliminating incompatible trade or administrative rules as barriers to more robust electricity flows.
NARUC has guided the regulators in adopting common approaches that support the advancements in cross-border electricity exchanges, security of supply, and renewable energy integration. BSRI in turn has issued three guiding Principles to increase regional harmonization:
Project Dates: 2010-Present
National Regulators from Armenia, Azerbaijan, Georgia, Moldova, Turkey, and Ukraine
Black Sea Regulators on Path to Effective Cybersecurity Strategies
With the support of USAID and NARUC, energy regulators in the Black Sea region are taking important steps forward to strengthen the cybersecurity and resilience of their energy sectors.
Black Sea Energy Regulators Tackle Cybersecurity Challenges
With the support of USAID and assistance from NARUC, utility regulators from the Black Sea convened with U.S. and EU regulatory experts for a technical workshop on cybersecurity.
NARUC Celebrates a Decade of Progress in Europe and Eurasia
Through assistance from USAID, NARUC supported stronger governance and fostered economic opportunities in Europe and Eurasia through a cooperative agreement running from 2007 to 2017.
Black Sea Regulators Agree to Promote Energy Efficiency
With NARUC and USAID support, countries in the Black Sea region agreed to adopt voluntary energy efficiency policies that support demand response and other key services to the grid.