Eurasian Integration Yearbook 2012

Advanced Economic Cooperationin Sectors and Industries• the sustainable and predictable development of international trade inelectricity for a relatively long term; and• economic efficiency for all participants.Each country’s energy policy is largely shaped by an energy strategy whichprioritises long-term international cooperation. This shared priority recognisesthe desire to ensure the most efficient use of the energy potential of eachcountry so that they can be integrated into the global power market andconsolidate its position, and derive the greatest possible benefit for the nationaleconomy.Achieving the strategic objectives of CIS member states depends on thefollowing:• the countries’ national interests should be taken into account in shaping thecommon electric power market to ensure predictable development of theirelectrical grids;• the common electric power market should reliably meet demand andensure, inter alia, the reasonable pricing of exports;• mutual penetration of national power markets by electricity companiesshould be guaranteed; and• effective international cooperation should be developed in the sector.The development of the CIS power sector can be efficiently coordinated onlyby harmonising the main objectives of the long-term energy policies by the CISmember states (Shmatko, 2009).On March 18-19, 2010 the Coordination Council for the Implementation of theStrategy of the CIS Member States for Interaction and Cooperation in the Field ofElectric Energy approved new organisational, legal, technological and economicprinciples of the parallel operation of the CIS power grids. Moreover, in 2010the CIS Electric Energy Council adopted a master plan for the establishmentof the common electric power market of the CIS member states (Mishuk,2011).At present, eleven out of twelve CIS power grids operate in parallel mode withthe Baltic States. Efforts are being made to prepare the CIS and Baltic States’ IPSto operate in parallel with the Trans-European Synchronously InterconnectedElectric Power System (TESIS).To date, the CIS has adopted over twenty basic interstate agreements andregulations governing joint interstate initiatives formulated by the CIS ElectricEnergy Council with regard to the following:208 EDB Eurasian Integration Yearbook 2012