ELECTRICITY GENERATION MARKET REFORM IN UKRAINE: KEY ASPECTS

Mariya Kuznetsova ()
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Mariya Kuznetsova: Ukrainian League of Industrialists and Entrepreneurs, Kiev

Medzinarodne vztahy (Journal of International Relations), 2021, vol. 19, issue 3, 275-285

Abstract: The paper deals with the issue of transitional shift to the establishment of the new structure of electricity generation market in Ukraine. Being predetermined by gradual post-soviet background, electricity market tended to demonstrate monopoly features and absence of competitive forces. Following the European regulations and requirements Ukraine is to adhere to, the unbundling principle is proclaimed as dominant, whereas rivalry and quality assurance are set as guarantees of sustainable energy sector development in the future. Within the current study significant focus was placed on outlining the distinctive features of both old and new market models, describing some underlying historical and socio-economic prerequisites. Special attention was paid to the issue of legal and structural consistency of electricity generation market reform in accordance with the international law and global development goals. The conclusion is dedicated to the efficiency aspect of new market operation model following unbundling and sustainability principles.

Keywords: electricity generation; energy sector; market reform; sustainability; unbundling (search for similar items in EconPapers)
JEL-codes: O13 P28 Q43 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brv:journl:v:19:y:2021:i:3:p:275-285

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