Ukraine fulfilled the plan of reforms in the gas market by 84% - EEC

The European Energy Community (EEC) noted the highest level of implementation of reforms in the energy sector at the end of 2020 in the gas market - 84%, Business Censor reports.

Simultaneously, the level of reform in the gas sector this year has increased by 1.75 times compared to the level shown last year (according to the 2019 report, it was 48%).

Besides, reforms in  ​​climate change have intensified significantly - from 27% in 2019 to 51.8% in the current year and the oil industry - from 10% to 35%.

At the same time, the level of implementation of reforms in the electricity sector decreased from 50% to 49%, from 63% to 52% in the renewable energy sector, from 74% to 67% in the field of energy efficiency.

Besides, reform success in environmental protection increased slightly from 61% to 64%, and in the development of energy infrastructure - from 0 to 8%.

The EEC estimated the level of implementation of reforms in cybersecurity in 2020 at 35%. Last year such data were not provided.

The EEC notes that the electricity market continues to be heavily distorted by several regulatory measures, including price caps and PSOs, which oblige state nuclear and hydroelectric power plants to supply electricity to residential consumers at prices that "harm competition and the safe operation of electricity."

Also, as negative, particularly the lack of certification of the transmission system operator was noted.

As for the gas market, the EEC called the opening of the market for residential consumers and the certification of the operator of the gas transmission system a breakthrough. At the same time, the European Energy Community noted that there is still a JI for heat supply companies.

The report also indicates that a law on minimum reserves of crude oil and petroleum gas products has been developed, which is being approved by the competent authorities.

Concerning the environment and climate, the biggest challenge for Ukraine, according to the EEC, remains the reduction of emissions from obsolete coal-fired power plants, and energy efficiency suffers from the lack of a legal framework.

It is also noted that the production of renewable energy has recently increased sharply, but the "green boom" critically affects the liquidity of the State Enterprise "Guaranteed Buyer," and the "green" auctions have not started yet.

Tags: gas, oil, legislation, EU, feed-in tariff, electricity market, renewables, ecology, decarbonisation

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