European Parliament calls on Ukraine to complete reform of new electricity market
This is said in the European Parliament’s resolution of 11 February 2021 on the implementation of the EU Association Agreement with Ukraine, Ukrinform reports.
"The new wholesale electricity market that started operating in Ukraine in July 2019 is still not competitive by EU standards. Therefore, we urge Ukraine to complete its reform and improve the level of compliance with EU law, first and foremost by enhancing Ukrenerho’s independence and avoiding cross-subsidisation. We call on Ukraine to upgrade its existing power plants to meet strict European environmental and safety standards," the document reads.
The EU expressed concern that in the renewables power generation sector, Ukraine is not yet meeting its obligations towards the investors, and that the delays in the payments to producers of electricity from renewable energy sources threaten the further development of clean energy sources in Ukraine.
In addition, the EU called on the Ukrainian authorities to urgently complete the modernization of nuclear power plants and investigate the delays in these processes, in particular the upgrade of the Zaporizhia nuclear power plant.
"We stress the importance of increasing infrastructure cooperation in the region, the further diversification of Ukraine’s energy supplies, energy efficiency, renewable energy sources and the connectivity of Ukraine’s energy sector, while ensuring environmental sustainability," the resolution says.
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