The World Bank believes that Ukraine is not ready to launch the electricity market

As of July 1, 2019, Ukraine is not ready to open the wholesale electricity market. The World Bank’s Director for Ukraine, Belarus and Moldova Satu Kahkonen said it during a press conference.

“We were looking forward to the opening of the electricity market, but, unfortunately, in our opinion, Ukraine will not be ready to open this market as of July 1. It will take more time to create the necessary conditions for this market to function”, said Kahkonen.

According to her, consumers may suffer from the early opening of the market.

“Therefore, we recommend preparing a very detailed plan, where the timeframe for launching the market will be spelled out”, Kahkonen summed up.

From July 1, 2019, they plan to introduce a new electricity market in Ukraine. In accordance with the law “On the Electric Power Market”, the introduction of a new competitive market model and the norms of the Third Energy Package of the EU is envisaged, in particular with regard to the division of companies in the areas of distribution and transmission of electricity.

Recall that the Chairman of the Council of the Wholesale Electricity Market, Olexander Sahura, said that due to a set of unresolved problems, the launch of a new model of the electricity market must be postponed to April 1, 2020.

And on May 22, 2019, deputies of the Verkhovna Rada registered the draft law No.10318 on postponing the launch of a new wholesale electricity market for three months.

Source: ukrinform

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Tags: contracts, tariffs, legislation, electricity, energy market

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