Poroshenko signed the law on electricity market

President of Ukraine Petro Poroshenko on Thursday, June 8, during a visit to Tripoli TPP in the city of Ukrainka, Kyiv oblast signed the law “On electricity market”.

“Here today, and not in the office, with you I have made a decision on the signing of this law and the beginning of the creation process of the electricity market”, – said the President before signing the law.

The head of state stressed the importance of the launch of the electricity market in Ukraine.

“Was adopted the law on electricity market, which is crucial and anti-corruption”, – said Poroshenko.

The head of state added that now Ukraine will begin serious work on the implementation of standards and technologies, which include signed a revolutionary law.

“The market model – it is this, which work in the country of the European Union. Goal – we move on to the joint energy system of the EU, to exchange electricity,” – said Poroshenko.

According to the President, the adopted law is a brand new revolutionary rules for the functioning of the electricity market, transparent and efficient.

“This law was developed together with the Energy Community, was endorsed by the European Union and our American partners, was supported by the international anti-corruption organizations. We continue to restore order in Ukraine”, – said the head of state.

The law “On electricity market” provides for the introduction of new market model that includes a number of segments:

  • the market of bilateral contracts;
  • the market “for days forward”;
  • vnutricletocny market;
  • the balancing market;
  • the market for ancillary services.

In the implementation of the act provides for a two-year transition period.

The document introduces the rules of the Third energy package of the EU, including in the share of companies in the areas of distribution and transmission of electricity.

Bill No. 4493 “On the electricity market of Ukraine” Rada adopted at first reading on 22 September 2016. For the second reading the document was filed about 1,200 edits that have been specially created working group. The first attempt to adopt the document in the second reading on 6 April was a flop, April 13, he was supported by 277 votes.