The FINANCIAL — The EU-funded regional energy cooperation programme INOGATE will host an Energy Policy Talk on 19 February 2016 in Kyiv.
The talk will be opened by Ukraine’s Minister of Energy and Coal industries, Volodymyr Demchyshyn. Senior figures from the country’s energy ministries, other related state agencies, representatives of the EU Delegation and the European Commission will discuss challenges and opportunities related to moving towards the establishment of a functioning competitive electricity market in Ukraine.
According to INOGATE, Ukraine’s new Electricity Law will underpin electricity market reforms and provide a new electricity model consistent with the EU concept of theThird Energy Package, which fulfils Ukraine’s Energy Community commitments.
The topics to be discussed include: The conditions required to establish a workable market model for a competitive wholesale electricity market; the expected benefits and problems of the new electricity market model; legal, policy, regulatory and other measures that should be undertaken in the next 18 months by the Ukrainian government to maximise the chances of a successful transition by the electricity industry into the new market model.
INOGATE is one of the longest running energy technical assistance programmes funded by the European Union. It cooperates with 11 partner countries in Eastern Europe, the Caucasus and Central Asia to support a reduction in their dependency on fossil fuels and imports, improve the security of their energy supply and mitigate overall climate change. All countries of the Eastern Partnership are part of the programme.