Ukrainian President Petro Poroshenko has signed a bill on housing and utility services intended to regulate legal relations between executors and consumers of housing and utility services in Ukraine.

The press service of the Ukrainian president reported on Tuesday that the implementation of the law would help to demonopolize and deregulate the of housing and utility services sphere, increase their quality, ensure a possibility of controlling the provision of the services, upgrade of housing stock and increase the effectiveness of its management.

The document modernizes the legal, economic and organizational standards for providing housing and utility services to consumers, and introduces new models of contractual relationships between consumers and service providers on the principles of openness, transparency and mutual responsibility.

"In particular, it introduces a list of housing and utility services, the general requirements for the provision of these services, the basis for their commercial accounting, the procedure for paying for their provision and applying social standards, the procedure for the conclusion, amendment and termination of contracts by legal entities in the sphere of provision of housing and utility services," the press service said.

As reported, the Verkhovna Rada passed at repeated second reading the new bill on utilities and housing services (No. 1581-d) on November 9, 2017. A total of 262 lawmakers backed the document.

The press service of the Regional Development, Construction, Housing and Utilities Economy Ministry reported that the bill on utilities and housing services is the fourth key bill in energy efficiency reform: earlier the bills on energy efficiency of buildings, on commercial metering of heat and water supply and on the Energy Efficiency Fund were approved.