Automatically translated version. May contain inaccuracies compared to the original.
Prices on Ukraine's energy market are administratively constrained, which hinders importing electricity from the European Union (EU). Because of this, even during power shortages and widespread outages, Ukraine has not always been able to purchase the necessary volumes of energy from the EU. This was stated by Vladimir Kudrytsky, the former head of the state-owned company Ukrenergo, in a LIGA.net YouTube broadcast.
"We did not fully utilize the potential to import electricity from Europe due to certain artificial restrictions on the electricity market," Kudrytsky said.
According to him, administrative regulation of market conditions is a problem for Ukraine's energy sector. Changes to price caps and other rules in manual mode undermine investor confidence and slow the creation of new generating facilities.
"And there will not be the ability for Ukrainian operators of that post-Soviet persuasion to manually control the price on the market, to control certain rules of how this market operates in a way that is not transparent and that could be discriminatory toward some players and preferential toward others," emphasized the former Ukrenergo head.
Kudrytsky noted that moving to European energy market rules will allow simultaneously increasing imports, improving conditions for investment in new power plants, and in the future reducing the number of outages.
According to him, integration with the European electricity market will reduce the number of power outages and lower prices for consumers.
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