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Business unanimously opposes the introduction of state regulation of energy markets

22/ 01/ 2021
  Yesterday, January 22, 2021, there was a meeting of the EBA member companies with representatives of the energy industry, international organizations, relevant associations, and market experts to professionally discuss the negative consequences of the introduced state regulation of the gas market on the platform of the EBA Energy Committee. All participants of the discussion unanimously alerted on extremely negative effects of the decision implemented by the Government, namely, for: · macro-financial situation and the risk of not receiving an IMF tranche; · reforming the gas market and increasing competition; · national mining companies due to lower commodity prices for gas. Serhii Verbov. EBA Energy Committee Coordinator. The community has always emphasized the importance of competitive market pricing in all sectors, including the gas and electricity. After all, it is the market and free competition that make it possible to set an appropriate gas price for the population. This is also relevant for the gas extracted in Ukraine. Also, during the discussion, the participants concluded that it is necessary to eliminate cross-subsidization of household consumers by industrial consumers in the electricity market and bring the tariff to the market level. This issue is largely politicized, although the establishment of a market price for households will not only reduce the tariff for industry and, thus, increase the competitiveness of Ukrainian products, but also lower the price of goods and services for consumers. The European Business Association continues to take an active part in the discussion of energy decisions and will continue to be a platform for developing constructive solutions to reform the gas and electricity sector.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.          

Yesterday, January 22, 2021, there was a meeting of the EBA member companies with representatives of the energy industry, international organizations, relevant associations, and market experts to professionally discuss the negative consequences of the introduced state regulation of the gas market on the platform of the EBA Energy Committee.

All participants of the discussion unanimously alerted on extremely negative effects of the decision implemented by the Government, namely, for:
· macro-financial situation and the risk of not receiving an IMF tranche;
· reforming the gas market and increasing competition;
· national mining companies due to lower commodity prices for gas.

Serhii Verbov EBA Energy Committee Coordinator
The community has always emphasized the importance of competitive market pricing in all sectors, including the gas and electricity. After all, it is the market and free competition that make it possible to set an appropriate gas price for the population. This is also relevant for the gas extracted in Ukraine.

Also, during the discussion, the participants concluded that it is necessary to eliminate cross-subsidization of household consumers by industrial consumers in the electricity market and bring the tariff to the market level. This issue is largely politicized, although the establishment of a market price for households will not only reduce the tariff for industry and, thus, increase the competitiveness of Ukrainian products, but also lower the price of goods and services for consumers.

The European Business Association continues to take an active part in the discussion of energy decisions and will continue to be a platform for developing constructive solutions to reform the gas and electricity sector.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

 

 

 

 

 

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