As a result of introduction in Ukraine of a new electricity market model (Law "On the Electricity Market" #2019-VIII), its participants received a wide range of tools and a more flexible system for organizing of their activities. The new model introduced the following segments: bilateral contracts market, a day-ahead market, balancing and retail market.
The new market model allows to increase the competitiveness of consumers and optimize their costs for the purchase of electricity due to new opportunities on supplier change and independent participation in the market.
Obviously, along with the advantages provided by the new market model, market participants also face new risks associated with the suboptimal choice of the electricity purchase model, lack of experience of independent participation in the market, changes in legislation and market rules. Participants had an opportunity to discuss:
- Legal overview of the main components of the new electricity market model, introduced in Ukraine and the conditions for market participants
- The wholesale electricity market in Ukraine
- Consideration of the impact of RES electricity share increase in the electricity system of Ukraine on electricity market price
- The retail electricity market in Ukraine
- Sequence and main criteria for consumer's decision on transition to independent participation in the electricity market or supplier's change
Speakers:
Marta Halabala, Advocate, Senior Associate in Energy, Natural Resources and Construction Practice, Asters Law Firm. Marta Halabala has more than 10 years of experience in the energy sector, in particular in the field of renewable energy, mining, and Marta is also a specialist in corporate law, advising on M&A transactions, including those in the energy sector. Marta Halabala holds Master of Laws diploma form Lviv Franko National University (2008).
Ihor Blinov, Deputy Director for Science, Institute of electrodynamics of NAS of Ukraine. Ihor is Leading Research Fellow, Specialty - Power Systems and Complexes, Doctor of Technical Sciences. He has more than 15 years of experience in the energy sector. Ihor Blinov focuses on modelling electricity markets, forecasting electricity consumption and generation of renewable sources, implementation of International and European standards in the field of power grid management in Ukraine. He has more than ninety scientific and technical articles published during the last 10 years.
Moderator:
Yaroslav Petrov, Partner at Asters law firm, co-head of Energy, Natural Resources and Construction, Co-Chair of the American Chamber of Commerce in Ukraine Renewables Committee.
