A new electricity market to be launched on 1 July 2019 is key to the development of the national economy. The readiness of the regulatory framework and infrastructure gives confidence that the market can be started within the time stipulated by law. DTEK outlined its position in a letter in response to a request of Oleksandr Dombrovsky, Chairman of the Verkhovna Rada Committee on Fuel and Energy Sector, Nuclear Policy and Nuclear Safety.
As stated in the letter, about 89% of the entire regulatory framework (39 documents) has been adopted, the rest (five documents) are in the final approval stage. The infrastructure required for the new market is more than 90% ready.
The following steps are necessary for the successful launch of the new electricity market:
DTEK’s letter includes expert calculations that are publicly available. They clearly show the economic effect from the launch of the new market: