Uzbekistan has major potential to increase the efficiency and diversity of its domestic energy supply and use. Key to realizing this potential is a gradual transition to competitive markets with significant private-sector participation and energy prices that reflect the full cost of supply.
The country embarked on broad-based reform of the energy sector in 2019 to transition from the government-owned and -operated and subsidized energy sector model to competitive gas, oil and electricity markets with significant private-sector participation and cost-covering energy prices. Such a transition would attract new market entrants and new investments, including to develop Uzbekistan’s significant solar and wind energy resources. These measures would also help limit greenhouse gas emissions and air pollution.
This in-depth review aims to guide Uzbekistan in its energy sector reforms and help it achieve its energy policy goals, including the provision of affordable, secure and clean energy to its population.
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