Ukrainian govt approves bill to strengthen energy companies' responsibility for energy security
The Ukrainian Cabinet of Ministers has approved a draft law developed by the Ministry of Energy aimed at enhancing responsibility among electricity market participants for ensuring energy supply security.
"The bill strengthens the obligations of market players to adhere to equipment maintenance and modernization schedules, build up adequate fuel reserves, and carry out other necessary preparations," the Ministry of Energy said last week.
The draft law also provides for increased oversight of the transmission and distribution system operators – namely Ukrenergo and regional power utilities – particularly in the context of emergency electricity consumption restrictions.
According to Taras Melnychuk, the Cabinet's representative in the Verkhovna Rada, the legislation will also harmonize existing electricity market regulations by clarifying the powers of government agencies and introducing new requirements for state oversight in the electricity sector.
Advertising
Advertising
MORE ABOUT
UNDP transfers three high-voltage autotransformers to Ukrenergo with funds from govts of Japan and Sweden
20:10, 20.05.2025
Energy Ministry calls on G7+ energy group to continue assisting in replenishing Ukraine Energy Support Fund
17:38, 16.05.2025
Metinvest launches first gas-fired power plants in April, plans to provide up to half of needs with own capacity by 2030
19:16, 15.05.2025
DTEK Energy plans annual eurobond buybacks of up to $100 mln, seeks changes to bond terms
10:56, 13.05.2025
Any attempt to restart Zaporizhia NPP should be regarded as act of nuclear terrorism – Ukrainian official at INRA meeting
13:03, 06.05.2025
LATEST
Housing prices in Ukraine increase by 11.2% in Q1 2025 - statistics
21:12, 20.05.2025
MP Yuzhanina calls on Economy Ministry to expedite dumping probes
17:11, 20.05.2025
Anti-dumping duties more effective tool to protect Ukrainian domestic producers – Ukrcement head