Draft Law on Renewable Energy Auction has been presented
The Verkhovna Rada, the unicameral parliament of the country, has registered bill 8449, prepared by members of five committees, proposing amendments to particular laws intended to ensure competitive conditions in the renewables sector. The changes are planned to be introduced from July 1, 2019. Effectively, the draft law is aimed at introducing renewable energy (RES) auctions in Ukraine. According to the members of parliament, this draft is expected to be passed into law by the end of this year. The presented draft law is only the initial version. Further amendments to this draft law may be introduced following public consultations and further consideration by the Ukrainian parliament. Following the adoption of the law, the government should detail the procedure of carrying out auctions and adopt other secondary legislation required to bring the auction system into effect. Find the key changes here www.mondaq.com/x/711134/Renewables/Draft+Law+Contemplating+The+Renewable+Energy+Auction+Has+Been+Registered+With+The+Ukrainian+Parliament