China is entering a new phase of large-scale nuclear energy development in 2026, strengthening its position as one of the leading players in the global energy market. According to official data, the country plans to complete and commission seven new nuclear power units this year. This step reflects Beijing’s long-term strategy aimed at accelerating the transition to low-carbon energy and reducing dependence on coal.

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.