EU Ambassador: Ukraine needs de-oligarchization of the electricity market

The EU Ambassador to Ukraine Matti Maasikas, during a speech at the 4th Forum of Associations in Kyiv, said that Ukraine had introduced the European Union requirements in the gas sector, but there are still many problems in the energy sector that do not allow synchronization with European networks, Evropeyska Pravda reports.

“In the energy sector, as for gas, Ukraine has widely implemented the EU requirements and the advantages of this are obvious. Regarding the electricity market, Ukraine is still far from EU norms and this also means that the synchronization of Ukrainian power grids with European ones is still at a certain distance,” Maasikas said.

“In the future, it is technically possible, but we need a functioning electricity market, a functioning regulator, de-oligarchization of the electricity market, etc.,” the ambassador added.

At the Ukraine-EU summit, a large block of negotiations was occupied by energy issues.

In a joint statement, "Ukraine and the EU emphasized the importance of working together against any potential efforts by third parties to use energy as a weapon, in particular in the context of the implications for the stability of gas transit through Ukraine."

Earlier, the Energy Minister said that in technical terms, Ukraine is ready for synchronization with the European market.

Tags: The Cabinet of Ministers, legislation, EU, electricity market, Gas market, investments, Ukraine, ENTSO-E, The Ministry of Energy

Read also

GE to produce zero waste wind turbine blades by 2030, company says
Nissan plans UK solar farm big enough to build every Leaf sold in Europe
Ukraine could get €200 million to renew public transport