Expert discussion "Price caps: is it time to say goodbye? Or it's too early?"

June 16, 2023

On June 15, 2023, the Director of Energy and Infrastructure Programmes of Razumkov Centre took part in the expert discussion organized by the Energy Club regarding the problem of setting price caps for electricity in the day-ahead market, the intraday market and the balancing market. 

In his speech, V. Omelchenko urged not to apply price caps in the relevant market segments, which will be a key element of the transition to a liberal market model in accordance with Ukraine's obligations under the Treaty on Accession to the Energy Community.

Questions for discussion:

  • Analysis of the impact of price caps on the electricity market;
  • How timely is the decision to cancel/change the price caps in the market?
  • Modelling the developments in case of cancellation/change of price caps for each participant separately (producers, suppliers, consumers, NEC "Ukrenergo", Market Operator, etc.) and the market as a whole;
  • Generation of the Energy Club community proposals regarding regulation of electricity price caps for business.


Jacob Hartmut, Vice President of NNEGC "Energoatom"

Bohdan Sukhetskyi, Deputy General Director for Commercial Affairs of "Ukrhydroenergo" PJSC

Oleksandr Gavva, General Director of "Market Operator" JSC

Svitlana Sushko, director for development, "Energopostavka" LLC

Volodymyr Omelchenko, director of energy programs of Razumkov Centre

Iryna Loshak, director of Enera Sumy LLC

Oksana Hentysh, director of Volynenergozbut LLC, Tolk group

Natalia Niemets, director of Zakarpattiaenergozbut LLC, Tolk group

Iryna Beresneva, director of Augusta LLC, Tolk group

Olga Tagiyeva, head of "Energy Union" public association

Yuriy Podlisnyi, CEO of Energy365

Mykhailo Voloshyn, ERU Trading LLC

Anna Kurka, chief specialist of Astarta Kyiv LLC

Oleh Larionov, commercial director of "Donbasenergo" PJSC

Roman Volosheniuk, head of the market analysis department at ECU JSC

Dmytro Malyar, CEO of Ukrainian D.Trading Business

Maksym Artemenko, director for business development, "Elementum Energy Ukraine"

Andrian Prokip, energy expert of the Ukrainian Institute for the Future