Uzbekistan

A new tariff regulation system for the energy sector has been introduced in Uzbekistan.

The new tariffs were approved by the Interdepartmental Tariff Commission for settlements between regulated organizations in the energy sector. Current electricity and gas tariffs for households, businesses, and end consumers remain unchanged.

A new tariff regulation system for the energy sector has been introduced in Uzbekistan. This is the next step in reforming the energy sector and transitioning to the Regulatory Asset Base (RAB) methodology.

The Interdepartmental Tariff Commission approved regulated tariffs for the generation, transmission, distribution, and supply of electricity, as well as for the transportation and supply of natural gas.

It is important to note that these tariffs apply only to settlements between regulated organizations in the energy sector. For households, businesses, and other end consumers, the current electricity and gas tariffs remain unchanged.

Comparison of approved and previously announced regulated tariffs:

| Service | From August 1, 2026 | Previously announced (no later than September 2026) |

|------------------------|--------------------------------------------|

| Electricity generation | 8% | 9% |

| Electricity transmission | 18% | 30% |

| Electricity Distribution | 4% | 10% |

| Natural Gas Distribution | 28% | 23% |

Some approved tariffs differ from previously announced parameters. This is due to the phased transition to the new system and the synchronization of changes with the budget cycle. Tariff revision is scheduled for the first half of 2027.

The RAB methodology assumes the formation of regulated tariffs based on asset value, economically justified operating expenses, and investments.

Application of the new methodology does not automatically include all costs and investments of regulated organizations in tariffs. Decisions on tariff approval are made by the Interdepartmental Tariff Commission in accordance with established procedures.

The new system is aimed at ensuring the financial stability of energy companies, modernizing infrastructure, and improving the reliability and quality of services. At the same time, the state retains authority to regulate tariffs and the activities of natural monopolies.

The methodology was developed taking into account best international practices, recommendations from international financial institutions, and the specifics of Uzbekistan's energy sector.

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