Technical postponement of the launch of the electricity market inappropriate – “Energoatom”

Технический перенос запуска рынка электроэнергии нецелесообразен, – "Энергоатом"

The postponement of the launch of a new electricity market, which Ukraine enters the European competitive model, inappropriate

As reported by Ukrainian news Agency, said in a letter to the President of NNEGC “Energoatom” Yuri Nedashkovsky in the name of Deputy Chairman of the Verkhovna Rada Committee on fuel and energy complex Oleksandr Dombrovskyi.

“The company is sympathetic to the objective reasons under which a full-scale, timely introduction of the new electricity market may become impossible. However, we consider a simple technical postponement of the opening of the market is not advisable, since this will encourage further irresponsible failure of individual market participants and public authorities of the duties imposed on them by the law of Ukraine “On electricity market” and insist on the commencement of the new market from 1 July 2019,” the letter says.

According to Nedashkovsky, the company is interested in the speedy implementation of a full-scale competitive market, because it will allow you to obtain a fair market price and prompt payment for their sold electricity.

Among the issues that must be resolved for the timely the market launch Nedashkovskiy called, in particular, the development and adoption of number of bylaws regulating the activities on the electricity market, the elimination of cross-subsidies, debt settlement on the energy market and the like.

Технический перенос запуска рынка электроэнергии нецелесообразен, – "Энергоатом"Технический перенос запуска рынка электроэнергии нецелесообразен, – "Энергоатом"

“However, we inform that the company is ready to participate in the work of the Committee on fuel and energy complex, nuclear policy and nuclear safety in the treatment of the problem of the timely launch of new electricity market”, — said in the letter.

Recall that today, may 14th, on a press-conferences the Chairman Ukrenergo Vsevolod Kovalchuk said that the new electricity market should be run without any breaks 1 July 2019.

As reported, on the timely market introduction depends, whether Ukraine will receive macro-financial assistance in the amount of 500 million euros from the European Union (EU) in 2019.

The international community expressed concern about the deceleration of the launch of a new electricity market and urged to hold a meeting of the coordination center for the implementation of the new electricity market. This was discussed in the joint letter of the head of the EU delegation in Ukraine Mr Hugues Mingarelli, Director of the European energy community (EEC) Yanes kopacz, head of the European investment Bank (EIB) in Ukraine Jean-Erik de Zagon, managing Director of the European Bank for reconstruction and development (EBRD) to the countries of Eastern Europe and the Caucasus Matteo Patrone, Director of USAID Mission in Ukraine Susan Fritz.