The institutional framework for the formation of a common energy market of the Eurasian Economic Union

The main purpose of the Eurasian economic Union is to increase the competitiveness of the national economies of the member States and create conditions for sustainable development aimed at improving the living standards of the population of the member States of the Union. Within the framework of the EAEU, freedom of movement of goods, services, capital and labor is ensured, as well as a coordinated, coordinated policy in the sectors of the economy is implemented. In modern conditions of development of science and technology, electricity is the basic sector of the economy. In this regard, the creation of a common electric power rank within the EAEU is of particular relevance. The main condition of formation and effective functioning of the common electricity market in the framework of the EEU is its institutional support. In the study, the definition of “institutions” is considered by the authors as a system of institutions and organizations that regulate socio-economic and social relations in the field of creating conditions for the rational use of the potential of the energy sector of the Union, on the basis of formal and informal norms and rules...