DTEK and the Ministry of Energy support the launch of the electricity market from July 1

DTEK's energy holding supports the position regarding the launch of a new model of the electricity market from July 1, 2019. The company argues its position with a high degree of readiness of the regulatory framework and infrastructure. ExPro reported it, with reference to the press service of the company.

“DTEK is ready to launch the electricity market from July 1... High readiness of the regulatory framework and infrastructure gives confidence that the market can start working within the period stipulated by law”, the message said.

The Minister of Energy and Coal Mining Ihor Nasalik also says that the Ministry insists on the sheduled launch of the market from July 1, 2019. He claims that the delay in financing Ukrenergo software is related to the transition of Ukrenergo under the management of the Ministry of Finance.

Vsevolod Kovalchuk, the Chairman of NPC Ukrenergo, stated that today there are several options for the development of events: the launch of the market, as provided in the law, from July 1, or the launch delay – there are proposals in the WEM Rada to postpone the launch until October 1, or until April 1, 2020 of the year.

If the market starts on July 1, then all the shortcomings will have to be corrected in the course of the system operation. According to Kovalchuk, this option is quite real, but there is a risk that consumers will face a “price shock” because of rising electricity prices.

At the same time, the decision to postpone the launch of a new market model does not guarantee that the market will prepare better during this time, whereas the launch launch will violate international obligations that Ukraine assumed.

According to the Law “On the Electricity Market”, from July 1, 2019 a new model of the electricity market has to start working  in Ukraine, which ideally provides for the introduction of competitive mechanisms and the creation of the “market” itself in its more or less classical definition – the consumer will have the right to freely choose their electricity supplier.

Source: ubr.ua

Tags: DTEK, contracts, tariffs, electricity, The Minystry of Energy and Coal Mining

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