EU4Energy Governance to support Ukraine in electricity market reform
Representatives of the National Energy and Utilities Regulatory Commission of Ukraine and the state enterprises Energorynok and Ukrenergo joined the kick-off meeting organized within the framework of the EU4Energy Governance project on preparation of market rules for the operation of the intra-day power market in Ukraine. The meeting focused on gathering background information on the characteristics of the IDM rules, taking into consideration the two bidding zones that are currently operating in the country, and the provision of clarifications regarding the main structural choices that have been made for the operation of the day-ahead-market and the balancing market in the new regime.
Under the technical assistance provided by EU4Energy Governance, a full set of intra-day power market rules will be developed by mid October 2017. The new market arrangements will support Ukraine in reforming its wholesale electricity market in accordance with the Energy Community acquis. Following the submission of the first draft of the rules, a workshop to gather feedback from all relevant stakeholders will be organized in Kiev.
This project is part of the EU4Energy Initiative which covers all EU support for evidence-based energy policy-making and energy efficiency in the region of the Eastern Partnership, which brings together the EU, its member states and six partner countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.