The Razumkov centre is evaluating the launch of a new energy market as a successful

Центр Разумкова оценивает запуск нового энергорынка как успешный

The launch of the new electricity market was successful. Ukraine has taken the first step to implementing the European market model

This was stated by Director of energy programs of Razumkov Center Volodymyr Omelchenko in comments to journalists, write “Ukrainian news”.

“I regard the launch of the market as quite successful. But at the same time, this is only a preliminary, first phase of market development. Still there are many problems that need to be addressed. This is the non-payment problem, the problem of low electricity prices for the population. As well as a number of issues related to the fact that PSO – subsidy scheme cheap electricity prices due to the “Energoatom” and “Ukrhydroenergo” — does not correspond to European practice and requires revision,” — said Omelchenko.

According to experts, on 1 July Ukraine made the first step towards the European model of electricity market, to introduce which was undertaken in the framework of implementation of the norms of the Third energy package of the European Union.

“The European institutions will not be considered that right now, July 1 the model is already perfect, meets all European directives, and the market is absolutely comparable to European models. Made only the first step on the long road to market development and its gradual rise to competitive, transparent model that exists in the European Union” — said Omelchenko.

Recall from 1 July in Ukraine launched a new model of the electricity market in accordance with the adopted by the Verkhovna Rada in 2017, the Law of Ukraine “On electricity market”. According to the Law, the new model provides for the introduction, in particular, market bilateral contracts market “day ahead”, vnutrikletochnogo market, balancing market.

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The launch of the electricity market is the obligation of Ukraine regarding the implementation of the norms of the Third energy package ES and the condition of Ukraine’s cooperation with the IMF and receive macrofinancial assistance from the EU in the amount EUR 500 million in the current year.