Inter-operator tariffs effective from 1 August introduce an asset-based framework across electricity and gas infrastructure. The approved adjustments do not change tariffs for households, businesses or other end users.
Uzbekistan’s Interdepartmental Tariff Commission approved regulated energy-sector adjustments effective from 1 August 2026. Tariffs used in settlements between regulated entities increased by 8% for electricity generation, 18% for transmission, 4% for electricity distribution and 28% for natural-gas distribution.
The new approach moves tariff setting toward a Regulatory Asset Base methodology, under which regulated asset value, economically justified operating costs and investment requirements inform allowed revenue. Submitted costs are not passed through automatically, and the next tariff review is planned for the first half of 2027.
The framework can improve cash-flow visibility, valuation discipline and the bankability of regulated infrastructure if implementation remains transparent and predictable. Investors will still need to assess collection performance, approved capital expenditure, efficiency incentives and regulatory timing. The decision applies to inter-operator settlements and does not alter current retail tariffs for households or businesses.
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