The Cabinet approved the statutes created by the GP for the new electricity market

Кабмин утвердил уставы созданных ГП для нового рынка электроэнергии

The Cabinet of Ministers approved the statutes is created on the basis of Energorynok state-owned enterprises “Guaranteed buyer” and “market Operator”. The corresponding decree published on the government website, reports

According to the press service of the government, the resolutions of the government on 22 may approved the statutes are created on the basis of GP “energy” of these two GP.

In the government added that the approval of the Charter of the state enterprise “Guaranteed buyer” allows us to implement the provisions of the law of Ukraine “On electricity market” in the public interest and the implementation of state guarantees for the purchase of the electricity produced at electric power facilities using alternative energy sources (and using hydro energy – produced only by micro-, mini – and small hydropower plants), at the established “green” tariff or auction price.

The statement of the Charter of the state enterprise “market Operator”, according to the press service of the government, allows to implement the provisions of the law of Ukraine “On electricity market” on creation of organizational, technological, informational and other conditions for the implementation of regular trading according to the rules of the market “day ahead” and vnutrikletochnogo market, conclusion and execution of the participants of the market of electricity contracts and settlement thereof.

Recall, April 17 as part of the launch of the electricity market, the Cabinet adopted a decision on reorganization of SE “Energorynok”, which two branches GP “energy” should be a separate state-owned enterprises – branches of the “Guaranteed buyer” and “market Operator”.

Previously, the EU and several international financial partners recommended that Ukraine postpone the introduction of the new electricity market. The world Bank recommended to run the new electricity market on 1 October.

The introduction in Ukraine of the European electricity market from 1 July 2019, provided by the law “On electricity market”. This law introduces in Ukraine the norms of the Third energy package of the EU. Timely introduction of new power market was one of the conditions for continued cooperation with the International monetary Fund, the world Bank, the US and the EU.