The transfer of energy for 1 year contrary to the position of the international partners of Ukraine – expert

Перенос энергорынка на 1 год противоречит позиции международных партнеров Украины, - эксперт

The postponement of the launch of the electricity market to the year contrary to the position of the international partners of Ukraine (USAID, the European energokabel, World Bank, EBRD, EIB) and stop the reform of the energy sector.

As reported by Ukrainian news, this was written by an expert on international and legal Affairs Andrew Buzarov in Facebook, commenting on the bill the President on the postponement of the launch market.

“The postponement of the introduction of the electricity market can seriously affect the process of reforming this sector with all the consequences. This slow down is virtually complete reforming of electric power industry, and tarnished the international image of Ukraine. It should be noted that the transfer market for 1 year contradicts the position of many international organizations — USAID, the European energy community, the World Bank, EBRD, EIB. Most importantly, the market introduction is foreseen within the process of European integration, namely the Third energy package”, — wrote the expert.

According to Buzarova, Ukraine must fulfil towards the international community commitment to reform and run the new electricity market from 1 July.

“I think that Ukraine should follow the course of the reforms undertaken in the fulfilment of international obligations, and transfer market introduction is highly undesirable in this context”, — said the expert.

Recall, the new electricity market needs to be launched on 1 July 2019, in accordance with the Law of Ukraine “On electricity market”. The launch of the market — the obligation of Ukraine regarding the implementation of the EU Third energy package. This is one of the conditions of the program of cooperation of Ukraine with the IMF and receiving macro-financial assistance from EU in the amount of 500 million euros.

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Prime Minister of Ukraine Volodymyr Groysman at the meeting of the Cabinet on 5 June said that the government will fulfill the Parliament adopted the law “On electricity market” and will launch the market from 1 July.

President Vladimir Zelensky on 10 June submitted to the Parliament a bill (No. 10376), which proposes to postpone the launch of the electricity market on a year — on 1 July 2020.