Electricity Law

The Authority shall, subject to policies and strategies approved under Article 3 of this Law and in addition to the duties stipulated in its Statute, undertake the following: 1. Issue regulations relevant to its duties, including: a) the implementing regulations of this Law; b) technical, operational, and procedural rules relating to the electricity activity; c) performance indicators which must be achieved by the licensee; d) rules governing the relationship between licensees and the relationship between licensees and consumers; e) classification of types of electricity activity and updates thereto; and f) rules for issuing licenses, permits, and exemptions, as well as rules for determining their fees. 2. Take necessary measures to secure additional resources for generating electricity if significant shortage in electricity supplies is expected, and notify the relevant agency of said measures. 3. Take necessary measures to manage the electricity activity in exigent circumstances in accordance with this Law and the rules and procedures set by the Authority. 4. Resolve complaints raised by relevant parties regarding the electricity activity. 5. Take measures to implement this Law and the regulations relating to its duties. 6. Monitor the licensee’s compliance with management, accounting, and investment regulations and rules; 7. Approve the documents and procedures for qualification and tendering of electricity activity projects, subject to rules and procedures set by the Authority. 8. Approve the execution plans prepared by the licensee in accordance with the long-term plan approved by the Ministry. 9. Coordinate with the Ministry to ensure the optimal use of energy resources to achieve the best return for the national economy; this shall include, but not be limited to, the following: a) the licensee’s compliance with the standards issued by relevant agencies for raising the efficiency of electricity generation; b) observing approved environmental protection measures and standards; Electricity Law and c) promoting projects of highly efficient and economically viable power plants. Chapter 3: Regulatory Framework for Licenses