Ukraine’s Cabinet of Ministers and the Ministry of Energy are delaying the adoption of necessary secondary regulations to implement a law requiring accelerated repayment of consumer debts on the electricity balancing market, according to Andriy Gerus, chair of the Verkhovna Rada Committee on Energy and Utilities. The delay has raised concerns among industry stakeholders about the potential impact on the efficiency and stability of Ukraine’s energy market. The law, which aims to enforce faster repayment of outstanding consumer debts on the balancing power market, has been passed by the parliament but has yet to be fully realized through the necessary regulatory framework.
Andriy Gerus, the committee chair, emphasized the importance of timely implementation of the legislation to ensure the proper functioning of the electricity market and to address the accumulated debts owed to power generators. The delay may also affect the broader energy sector, which is crucial for Ukraine’s economic recovery and energy security. Industry experts suggest that the postponement might result in financial strain on power suppliers and hinder the development of a more transparent and efficient market mechanism.
Meanwhile, the government has not provided an official explanation for the delay in finalizing the secondary regulations. The Ministry of Energy has acknowledged the need for further consultations and assessments to align the regulations with current market conditions and legal frameworks. The energy sector has been a focal point of Ukraine’s economic reforms, and the delay in implementing this law may have implications for the country’s long-term energy policy and financial stability.