The Electricity Market Authority is a regulatory body responsible for overseeing the electricity market in a specific region or country. Its main functions include ensuring fair competition among electricity providers, protecting consumer interests, and maintaining the reliability of the electricity supply. The authority sets rules and standards that govern how electricity is generated, distributed, and sold. Additionally, the Electricity Market Authority monitors market activities to prevent monopolistic practices and promote transparency. It also plays a crucial role in facilitating the transition to renewable energy sources, supporting initiatives that aim to reduce carbon emissions and enhance sustainability in the electricity sector.