The UAE energy giant Masdar expects Azerbaijan to liberalize its electricity market within the next four years, Murad Sadigov, Manager of Masdar Azerbaijan Energy LLC, said on Tuesday.

On Friday, Greece urged the EU to tackle rising electricity prices and increasing distortions in the energy market, according to the Prime Minister’s Office, News.Az reports citing Anadolu agency.

A market operator will be established in Azerbaijan as an individual legal entity under the transmission system operator,News.az reports citing the “Action plan for the phased introduction of electricity market elements”, approved by the Azerbaijani Cabinet of Ministers.