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Ukraine’s power market and tax draft laws should incorporate CACM regulation and VAT alignment, Energy Community says

The Energy Community Secretariat, an international organisation based in Vienna, assessed the draft legislation amending the Electricity Market Law and the Tax Code of Ukraine, both related to enabling the coupling of the Ukrainian and the European markets and the allocation of interconnection capacities (19 June).

The draft amendments to the Electricity Market Law, in addition to the Capacity Allocation and Congestion Management Guideline, ought to incorporate other acts of the Energy Community’s electricity integration package, in particular the ACER regulation, the Secretariat recommended.

Moreover, the application of pan-European terms, conditions and methodologies (TCMs), the participation in developing regional TCMs, and a “proper procedure and criteria” for a Nominated Electricity Market Operator (NEMO) designation require improvements in the draft, the international organisation said.

The Secretariat further recommended introducing amendments to harmonise the Tax Code of Ukraine with the European VAT Directive.

On Thursday (22 June), Energy Community Secretariat’s Director, Artur Lorkowski held a meeting with Ukraine’s Minister of Energy, German Galushchenko, during which these regulatory changes were further discussed. “Fast track transposition of the new Electricity Package, in particular CACM, along with the designation of the NEMO, were identified as key to proceed with the market coupling,” the Secretariat said via a press release.

During the meeting, Mr Lorkowski expressed the Secretariat’s “commitment” to facilitating the necessary preconditions for the potential commencement of joint capacity allocation, along with the day-ahead and intraday market coupling.

Read the full article here

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