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Does the Ukrainian electricity market correspond to the european model?

Author

Listed:
  • Osińska, Magdalena
  • Kyzym, Mykola
  • Khaustova, Victoriia
  • Ilyash, Olha
  • Salashenko, Tetiana

Abstract

The paper explores 29 models of the European electricity markets and the degree of their deviation from the single electricity market model established by the trans-European legislation. Although all models correspond to the design of the pan-European single one, they remain significantly differentiated according to trading forms and pricing methods. The electric power system in Ukraine has developed oppositely to the European ones, and the electricity market is quasi-competitive. The study proposes a novel model for the Ukrainian electricity market, which considers the European acquis communautaires, the advanced practice in electricity market development, and the specifics of the Ukrainian electric power system.

Suggested Citation

  • Osińska, Magdalena & Kyzym, Mykola & Khaustova, Victoriia & Ilyash, Olha & Salashenko, Tetiana, 2022. "Does the Ukrainian electricity market correspond to the european model?," Utilities Policy, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:juipol:v:79:y:2022:i:c:s095717872200100x
    DOI: 10.1016/j.jup.2022.101436
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    1. Do, Hung Xuan & Nepal, Rabindra & Pham, Son Duy & Jamasb, Tooraj, 2024. "Electricity market crisis in Europe and cross border price effects: A quantile return connectedness analysis," Energy Economics, Elsevier, vol. 135(C).
    2. Viktor Koval & Viktoriia Khaustova & Stella Lippolis & Olha Ilyash & Tetiana Salashenko & Piotr Olczak, 2023. "Fundamental Shifts in the EU’s Electric Power Sector Development: LMDI Decomposition Analysis," Energies, MDPI, vol. 16(14), pages 1-22, July.

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    More about this item

    Keywords

    Competitive electricity markets; A novel model for the Ukrainian electricity market; Electric power systems;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly

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