Energy Law.

The present Law shall regulate the following: energy policy objectives and the method of its implementation; energy market organization and functioning; conditions for regular and high quality consumer energy supply and for ensuring safe, reliable and efficient energy production; management of energy transmission, transportation and distribution systems and the method of securing the smooth functioning and development of these systems; the conditions for and method of carrying out energy activities, energy efficiency and environmental protection conditions in carrying out energy activities; and the monitoring of the implementation of this Law.
An Energy Agency and an Energy Efficiency Agency shall be established under this Law.
Within the meaning of this Law, the following shall be deemed to be energy activities: a) electrical power generation, electrical power transmission, electrical power transmission system operation, electrical power market organization, electrical power distribution, electrical power distribution system management, trade in electrical power; b) production of oil derivatives, oil transportation by pipeline, pipeline transportation of oil derivatives, transportation of oil and oil derivatives by other transportation means, oil and oil derivatives storage, trade in oil and oil derivatives; c) natural gas transportation, natural gas transportation system management, natural gas storage, natural gas storage management, natural gas distribution, natural gas distribution system management, trade in natural gas; d) heat production, heat distribution, heat distribution system management, tariff consumers heat supply.