Ukraine is facing mounting pressure to review its mechanism for conducting auctions for renewable energy sources (RES), as part of a broader initiative to strengthen its electricity market. The issue has been brought to the forefront through the Enlargement Package, a set of reforms aimed at aligning Ukraine’s energy policies with European Union (EU) standards. The call for reform stems from concerns over inefficiencies in the current auction process, which critics argue hinder the country’s ability to attract long-term investment in renewable projects.
Experts point to systemic problems within Ukraine’s electricity market, such as opaque pricing mechanisms and regulatory loopholes, as key barriers to progress. Addressing these issues is seen as essential not only for improving the reliability of Ukraine’s energy supply but also for fostering a more competitive and transparent environment for both domestic and international investors. The reforms are expected to contribute to Ukraine’s long-term energy security and its transition toward a low-carbon economy.