Europe and Eurasia: Black Sea Initiative

Black Sea Regulatory Initiative: Supporting Cross-Border Trade

Black Sea regulators discuss common interests and objectives for their regional regulatory agenda during a workshop in May 2010.

The Energy Sector

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.


Our Work

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.


Selected Results

Regional Cooperation
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:

At A Glance

Project Dates: 2010-Present

Primary Partners:

National Regulators from Armenia, Azerbaijan, Georgia, Moldova, Turkey, and Ukraine

Contact Us About This Project


Third Black Sea (Phase II) Regional Workshop
November 2016

Second Black Sea (Phase II) Regional Workshop
June 2016

Technical Workshop on Regulating Competitive Wholesale Electricity Markets
February 2016

Workshop on Advancing Regulatory Support for Wholesale Electricity Markets and Regional Trade; Joint BSRI/BSTP Coordination Meeting
March 2015

Regional Forum on Emerging Regulatory Issues: Perspectives from the Black Sea, Southeast Europe and Africa
October 2014

Workshop on Energy Efficiency and Joint BSRI/BSTP Coordination Meeting
June 2014

Workshop on Renewable Development, Cross-Border Regulation and Electricity Trade; Joint BSRI/BSTP Coordination Meeting
March 2014

Regional Workshop on Cross-Border Trade and Market Monitoring
October 2013

Regional Workshop on Cross-Border Trade and Joint Coordination Meeting of BSRI/BSTP
June 2013

Regional Workshop on Renewable Investment and Joint Coordination Meeting of BSRI and BSTP
February 2013

Regional Workshop on the Regulatory Role in Energy Efficiency
October 2012

Study Tour on RES Integration and Energy Efficiency
September 2012

Planning Meeting for Black Sea Initiative
April 2012

Workshop on Renewable Energy Investment and Trade
April 2012

Workshop on Principles of Regulation Final Draft
December 2011

Workshop on Development of RES Principles
October 2011

Workshop on Renewable Energy Investment Frameworks
May 2011

Regional Workshops on Renewable Integration and Cross-Border Trade
March 2011

Study Tour on Transmission Planning
October 2010

Regional Workshop and Initiative Launch
May 2010