“Improving the Wholesale Electricity Market Model in Ukraine”, Svitlana Chekunova (Razumkov Centre, Ukraine)

It is two year’s time since the beginning of the market operation (1 July 2019), yet the model retains administrative interventions in the form of price caps, market participation and trade restrictions, non-cost reflective tariffs, public service obligations (PSO), and the opportunity for the electricity imports from countries – nonmembers of the European Energy Community. 

The existing electricity market model is functioning with distortions in all of its segments and in the conditions of financial instability of the state-run energy generating companies, debt crisis, unfavorable investment climate, unstabilized renewables (RES) sector.

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