The World Bank reported that Ukraine has not yet been prepared to launch a new wholesale electricity market, which should begin its operation on July 1, 2019. It recommended to delay the launch by 3 months. The press office of the World Bank representative in Ukraine reports.
It is noted that they support the introduction of a new market, in particular providing financial and technical assistance to the government and state-owned enterprises in order to properly launch the market.
“However, there are still important elements of the regulatory framework and the necessary IT systems that are not ready to open the market on July 1, 2019. Premature launch of a new electricity market prior to the acquisition of the necessary regulatory and technical means can jeopardize the proper functioning of the market and increase the risks for all market participants,” the World Bank reports. In addition, it is believed that difficulties in the work of the market will arise in case it is launched on July 1. During the elections it may be used to discredit the reforms in Ukraine.
The new electricity market involves the separation of electricity distribution and supply activities. This means that regional energy companies will now not be able to distribute electricity and supply it to consumers. Supplies are allocated in a separate business. It complies with European standards and creates conditions for competition.