Launching of the new electricity market model in 2019 may contribute to additional annual growth of the country's GDP by at least 1%. This will be achieved through improvement of the investment climate to attract funds in the infrastructure modernization and increased electricity trading. Attractive conditions for investment will be formed by introducing transparent and competitive mechanisms of the electricity market, simplifying the procedures of connecting new enterprises to the network, and expanding transboundary trading.
Reforming the electricity market will contribute to synchronous operation of Ukraine and Moldova’s power grids with the ENTSO-Е. Provided effective cooperation of all stakeholders, this goal can be achieved by 2023. The utmost power transmission capacity under the complete synchronisation in the export-import operation mode is projected to reach 4 GW. The integration has a potential to increase the trading volume by 6 times — from $250 million to $1.5 billion.
The new market rules will enable a consumer to select its own energy suppliers. The EU countries will get additional opportunity to buy significant volumes of electricity from Ukraine, thus increasing supply for the benefit of consumers. On the other hand, the EU energy generating companies will receive access to the Ukrainian market.