The market of electric power has been legalized

The Verkhovna Rada has adopted a law that defines the rules for the functioning of the energy market and regulates relations, which appear in the process of production, distribution, purchase and sale and supply of electricity. The document takes into account current norms of the European Union. There are two years of transition period from the moment when all segments of the new market will be involved. There is a new agent – a trader who will buy and sell electricity through bilateral contracts, or in the market “day ahead”, or otherwise. The appearance of traders will have a beneficial effect on the liquidity of the market and will reduce the amplitude of price fluctuations.

Also, to ptotect the interests of society, a system of special duties is being introduced.