Ukraine will be fully integrated into the EU energy market in 2027, even if it is not yet formally a member of the Union, Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka said.
“There is currently a major draft law in parliament — several hundred pages long — on the final integration of Ukraine’s energy market with the EU. It has been prepared for second reading, and I believe we will be able to adopt it in February,” he said at the Ukrainian Breakfast in Davos on the sidelines of the World Economic Forum on Thursday, organized by the Victor Pinchuk Foundation.
According to Kachka, the document consists of hundreds of pages of technical assessments that experts have been working on for years.
“Thanks precisely to this work, in 2027 we will be fully integrated into the EU energy market, even if we are not formally a member of the Union,” the Deputy Prime Minister stressed.
As reported, on July 22 the Verkhovna Rada adopted as a basis draft law No. 12087-d “On Amendments to Certain Laws of Ukraine Regarding the Implementation of European Law Norms on Energy Market Integration, Increasing Security of Supply and Competitiveness in the Energy Sector.”
The Ministry of Energy noted that the legislative proposal was developed on the basis of nine EU energy law acts and aims to create the necessary legal framework for the full integration of Ukraine’s electricity market into the single European market on the principle of reciprocity.
In particular, the document provides for the integration of Ukraine’s and the EU’s short-term (spot) electricity markets (market coupling) and balancing markets. This would increase market liquidity, simplify electricity trade with the EU, enable more efficient use of cross-border interconnection capacity, enhance energy system flexibility, and provide access to EU reserves.
The draft law also предусматриває additional mechanisms to protect consumer rights and strengthen their role in the market by increasing transparency of supply conditions and introducing tools for comparing suppliers’ offers, as well as creating conditions for consumers to participate in other market segments, including the ancillary services market.
The ministry added that adoption of the document as a whole would ensure the synchronization of electricity markets at the beginning of 2027.
