According to the Energy Community assessment, Ukraine is ranked to be the second in the overall ranking of the contracting parties of the Energy Community in terms of the level of implementation of European legislation with an overall score of 61%, only behind Montenegro with a level of implementation of 69%.
It was stated by the Director of the Energy Community Secretariat Janez Kopač during the presentation of the Report on the implementation of reforms in the energy sector for the Verkhovna Rada Committee on Energy, Housing and Utilities Services.
According to the Director of the Energy Community Secretariat, the implementation of European acquis in the gas field has been almost completed by Ukraine. The adoption of the natural gas market and unbundling laws by Naftogaz Ukraine has been key to reforming the gas sector, however Ukraine needs to pay attention to Naftogaz's dominance in the wholesale and retail markets to complete the process.
On the integration path to the European electricity markets, according to the conclusions of the Energy Community Secretariat, Ukraine needs:
the transmission system operator "Ukrenergo" must be unbundled and certified. Adopt changes to the Electricity Market Law needed (ISO model);
to change the provisions of public service obligation (PSO) together with the support scheme for alternative energy producers,
to proceed the price reform (complemented with a scheme for protection of vulnerable consumers)
to review restrictive price caps on the market,
to facilitate the development of the bilateral market with standardised contracts,
to implement the competitive market for ancillary services and improving the imbalance price formation
Moreover, Janez Kopač stressed the necessity to ensure the independent status of the Regulator (The National Commission for State Regulation of Energy and Public Utilities).