Electric power market is coming to Ukraine

The electric power market was introduced in Ukraine with the Law “On the Principles of Functioning of the Electric power Market in Ukraine” (the “Law”), which came into force on 1 January 2014. The Law is purported to establish a competitive model of the electric power market in Ukraine. Some of its provisions, however, including those establishing new sub-segments of the electric power market (namely, the bilateral contracts market, the day-ahead market and the balancing market) will go live only from 1 July 2017.

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