Energy Reform
The coalition government has announced reforms in the energy sector. Energy reform is a political decision, and therefore, the government has established a Sub-Committee for Energy Sector Investment, Tariff Reforms, and Mega Projects. This sub-committee includes representatives from the three parties in the coalition government to ensure the successful implementation of the proposed objectives. The primary responsibility of the Sub-Committee, chaired by Deputy Prime Minister T. Dorjkhand, is to coordinate efforts between Parliament and the Government.
The energy reform will be implemented in six phases. Alongside this, there is an expectation within society that comprehensive changes will be made to the governance system, legal and investment environments, management of state-owned companies, and tariffs, beginning with a concept that outlines the future development of the industry.
In this context, Energy Insight magazine is dedicating its latest issue to the energy sector reforms. The article titled "Before the Energy Sector Reform" addresses various issues surrounding the reforms. Additionally, I would like to inform you that I had a conversation with S. Tsenguun, a Member of Parliament and a member of the Energy Sub-Committee, regarding the scope of energy reforms, policies, and regulations.
As part of these reforms, the priority is to adjust energy prices and tariffs to reflect actual costs, thereby making the industry non-subsidized. Prices and tariffs will increase starting from November 1. You can read more about this in the article "Tariff Changes Before 2025 Cycle."
Furthermore, this issue includes an interview with G. Baljinnyam, CEO of the National Dispatch Center, the primary organization overseeing the operation of Mongolia's energy sources, transmission networks, and trade regulations. We hope the insights of an expert with over 30 years of experience in the energy sector will provide valuable perspectives on the reform and the future development of the industry.
2024-10-10
