New Rules for the Energy Market

Amendments to NEURC Reporting Forms for Electricity Market Participants Entered into Force

As of February 27, 2025, amendments to the Resolution of the NEURC (National Energy and Utilities Regulatory Commission) No. 282 dated February 28, 2019 “On Approval of the NEURC Reporting Forms for Electricity Market Participants and Instructions for Their Completion” have entered into force. The changes concern the following reporting forms:
Form No. 2-NEURC-Distribution of Electricity (Quarterly) “Report on Financial Results and the Implementation of Tariff Structure by Types of Activities”;
Form No. 3-NEURC-Supply of Electricity (Quarterly) “Report on Financial Results and the Implementation of Tariff Structure by Types of Activities”.

Licensees engaged in electricity distribution activities must submit Form No. 2-NEURC-Distribution of Electricity (Quarterly) “Report on Financial Results and the Implementation of Tariff Structure by Types of Activities” for the period January – December 2024 by March 17, 2025, taking into account the amendments introduced by this resolution.

Licensees engaged in electricity supply to consumers and performing the functions of a universal service supplier or a supplier of last resort must submit Form No. 3-NEURC-Supply of Electricity (Quarterly) “Report on Financial Results and the Implementation of Tariff Structure by Types of Activities” for the same period, also by March 17, 2025, in line with the updated requirements.

Updated Procedure for Monitoring Licensees’ Compliance with Legislation and Licensing Conditions

On March 11, 2025, the Procedure for Monitoring Licensees’ Compliance with Legislation and Licensing Conditions in the Fields of Energy and Utilities was updated.

According to the new requirements, the subject is obliged to eliminate violations within the period determined by the decision of the National Energy and Utilities Regulatory Commission, and provide a written report on the elimination of violations along with properly certified copies of supporting documents. If the decision does not specify a specific period, the report must be submitted no later than 15 working days after the expiration of the period in which the violation was to be eliminated. Previously, the requirements provided for the submission of a report no later than 15 working days after the elimination of violations.

NEURC Approved Changes to Licensing Conditions in the Fields of Energy and Utilities

On April 08, 2025, the National Energy and Utilities Regulatory Commission by Resolution No. 500 approved changes to the Licensing Conditions in the fields of energy and utilities.

In accordance with these changes, economic entities engaged in the production of electricity, resale of electricity, supply of electricity to the consumer, energy storage, aggregation in the electricity market must keep copies of documents for the duration of the license (in paper or electronic form), which were provided before the application for a license, and notifications of changes in the data specified in the application, documents and information attached to the application for a license. Pre-storage of notification of change of data specified in the application was not provided.

Amendments to the Procedure for Licensing Economic Activities Came into Force

Also, on April 08, 2025, amendments to the Procedure for Licensing Types of Economic Activities, state regulation of which is carried out by the National Commission for State Regulation of Energy and Utilities, came into force.

In particular, a license may be refused if the National Energy and Utilities Regulatory Commission has information that the head or ultimate beneficial owner of the license applicant is the head or owner of the enterprise, in respect of which during the last year it was decided to terminate the license for similar activities.

New requirements have been added to the document confirming the payment of the license fee, in particular the code of the budget revenue classification and the code of the legal entity or the taxpayer registration number for individual entrepreneurs.

Furthermore, the amendments introduced new grounds for suspension and revocation of licenses. In particular, the license may be suspended or canceled in case of non-submission of reports for more than one year, debt for the settlement of electricity imbalances, non-payment for the license or failure to provide a document confirming the elimination of violations of the license conditions.