A draft law on state regulation of gas prices is registered in the Verkhovna Rada

The MP from the Servant of the People party, Liubov Shpak, registered in the Verkhovna Rada draft law No.6426 on amending the Law of Ukraine “On the Natural Gas Market” (on the state's participation in regulating the natural gas market).

The draft law suggests going back to the model of the state regulation of prices for gas produced in Ukraine and changing the principles of functioning of the internal natural gas market.

The draft law suggests consolidating the provisions on the direction of all gas produced in Ukraine for the needs of the domestic market at the legislative level. However, if there is a surplus, gas can be exported at market prices.

The document also provides for Ukraine's refusal of part of its international obligations on the joint gas market.

The expediency of adopting such a draft law is explained by the need to protect the population "from unfair gas and heat tariffs that do not correspond to their incomes" in the context of the projected rise in gas prices and its shortage for Ukraine.

To recap, from August 1, 2020, the PSO has expired. Each supplier determined the gas prices for its residential and non-residential customers independently.

Since May 1, 2021, Ukrainian gas suppliers have revealed their annual tariffs with fixed prices to the population.

Tags: tariffs, foreign affairs, heating season, Gas market, The Verkhovna Rada, draft law, Ukraine, price, The National Energy and Utilities the Natuonal Regulatory Commission, utility bills, population, electricity consumption

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