“Overview of the Electricity Market in Ukraine in Q3 and Q4 2021”, Svitlana Chekunova (Razumkov Centre, Ukraine)

There were very few improvements in the electricity market in Q3 and Q4 2021. It is still subject to restrictions and regulations. The pricing procedure remains non-transparent, as the price caps have been frequently reviewed by Regulator. There were attempts to transfer to financial PSO, although, it turned out to be different from what was envisaged by the Energy Community. The generating companies have no opportunity to effectively sell electricity and provide sufficient operational costs. The investment opportunities remain vague. Tariffs for households are kept below the cost of electricity production and transmission. Accumulated debts between the market players exceeded UAH 54.5 billion. There is a lack of a legal framework to improve competition, integrity, and transparency in the markets.

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