Experts Say That Launching the “Green” Auctions in 2019 Is Unfeasible

On the 20th of December, draft law № 8449-d on launching the “green” auctions was adopted by the Verkhovna Rada at first reading.

The document provides that energy producers should bid the lowest price for the “green” electricity at auctions and compete with each other to reduce consumer spending on electric power.

It should be noted that some members of the specialist committee insist on introducing the “green” auctions from July 1, 2019. However, Karel Hirman, an energy expert of the Strategic group of advisers to support reforms by the government of Ukraine noted that the “green” auctions should be launched only after the launch of a new market of electricity, which will start on July 1, 2019.

Karel Hirman. Source:

Vsevolod Kovalchuk, head of Ukrenergo, also believes that technically it is not possible to introduce auctions earlier than 2020.

Draft law № 8449-d is expected to be adopted in March.

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