The energy policy of Ukraine sets two priorities. This is defined in the Strategy for Sustainable Development of Ukraine until 2030. The two main priorities are the planned reduction of the dependency on Russia`s energy supply – Ukraine`s energy supply should be a mix from different countries with a maximum share of 30% from each country (per energy source). The second aim is to reduce the energy intensity of Ukraine by 40% by 2020. Objectives in the area of Renewable Energy are 25% of the energy should be provided by renewable energies, 13% by hydropower. It is also planned to modernise its hydropower and nuclear plants and stabilize its power networks. Regarding the power grid it is foreseen to adapt its grid system to the EU network system ENTSO-E in 2017. This should be achieved by attracting foreign investors.
One measurement to modernise the countries energy sector is the privatisation of state-owned assets. This responsibility lies within the State Property Fund, which reviewed the programme in 2017. So far it is possible to buy shares of eight electricity supply and generating companies.
In 2014 the Association Agreement between Ukraine, EU and Euratom was ratified. This brings further reformations or the pricing of gas and electricity as the price should be only regulated by supply and demand. In this context the new Electricity Market Law intends to introduce electricity market prices for all consumers by 2019, aiming at liberalization the electricity prices. Also the emissions trading scheme was in this context introduced, but not yet implemented. Also a carbon tax was introduced to reimburse for carbon emissions.
To fight climate change the government ratified the Nationally-Determined Contribution (NDC), which assures that GHG emissions won´t be higher than 60% of the 1990 GHG emissions by 2030.
Last update: 06 2022