ARTICLE · 01 DECEMBER 2016

Law On Regulator Entered Into Force

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On 23 November 2016, the Ukrainian President signed the long-awaited Law of Ukraine On National Energy and Utilities Commission of Ukraine No. 1540-VIII of 22 September 2016 (the Law on Regulator).

UkraineEnergy and Natural Resources

Igor Davydenko

Myron Rabij

Maksym Sysoiev

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On 23 November 2016, the Ukrainian President signed the long-awaited Law of Ukraine On National Energy and Utilities Commission of Ukraine No. 1540-VIII of 22 September 2016 (the Law on Regulator). It was officially published on 25 November 2016 and entered into force on 26 November 2017, except for provisions on the Regulator’s financing, which will enter into force starting from 1 January 2017.

The Law on Regulator for the first time in Ukrainian history offers a model of independent regulator in accordance with European practices. According to the Law on Regulator, the Regulator regulates, monitors and controls business entities in the energy and utilities spheres, in particular:

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Law On Regulator Entered Into Force

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