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ERRA: Azerbaijan pursues very cautious tariff policy

Business Materials 22 September 2011 17:45 (UTC +04:00)
Azerbaijan pursues very cautious tariff policy, Energy Regulators Regional Association (ERRA) President Gabor Soreni told journalists in Baku on Thursday.

Azerbaijan, Baku, Sept.22 / Trend, A.Akhundov /

Azerbaijan pursues very cautious tariff policy, Energy Regulators Regional Association (ERRA) President Gabor Soreni told journalists in Baku on Thursday.

"Azerbaijan takes into account both short-term and long-term goals in its tariff policy," Soreni said.

He said tariffs for energy resources should be on the one hand, convenient for end users, and on the other hand, favorable to companies that sell energy products.
"Retail prices for energy resources in Azerbaijan, in particular for gasoline, are low. Judging by the number of cars with more fuel consumption in Baku, people are able to buy gasoline," he said.

A meeting of chairmen and annual meeting of the on Tariffs/Pricing Committee of the ERRA is underway in Baku on Sept. 22-23.

The ERRA, which includes the Azerbaijani Tariff Council, unites similar structures of Central Europe, Eurasia and the U.S. The association was established in 2001.

The Association's tasks include support for regulatory organizations in member countries, facilitating experience and information exchange, increasing research and practical knowledge level, including encouragement in training and educational and practical spheres.

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