ARTICLE · 31 MAY 2018

Ukrainian Wind Power Sector 2017

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On 13 April 2017, the Verkhovna Rada of Ukraine passed the Law of Ukraine "On the electricity market" (the "Electricity law") , which was published on 10 June 2017.

UkraineEnergy and Natural Resources

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Co-authored by Kuzma Pozychaniuk, Associate, Sayenko Kharenko Law Firm

ІІ. CHANGES IN LEGISLATION

2.1. SUMMARY OF RECENT LEGISLATIVE CHANGES

LAW OF UKRAINE "ON THE ELECTRICITY MARKET"

On 13 April 2017, the Verkhovna Rada of Ukraine passed the Law of Ukraine "On the electricity market" (the "Electricity law") , which was published on 10 June 2017.

The Electricity Law implements provisions of the EU Third Energy Package in Ukraine and establishes a transition period for implementing the market segments that are new for the Ukrainian energy industry, in particular: bilateral agreements, day-ahead, intraday, balancing, and support service markets.

Considering its final and transition period provisions, the Electricity Law is expected to take effect by stages, in particular as follows:

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