The Secretariat and NEURC sign an MoU to enhance market integrity and fair competition

Yesterday, in Vienna, the Energy Community Secretariat and the National Commission for State Regulation in the Spheres of Energy and Communal Services of Ukraine (NEURC) took a significant step towards strengthening their collaboration. Artur Lorkowski, the Director of the Energy Community Secretariat, and Konstantyn Uschapovskiy, the Chairman of NEURC, came together to formalize this partnership by signing a crucial Memorandum of Understanding (MoU) focused on the implementation of REMIT procedures.

The primary goal of this MoU is to establish a robust framework for the consultation on decisions relating to the imposition of fines for abuses in the wholesale Ukrainian energy market, targeting market participants. By aligning their efforts, the Energy Community Secretariat and NEURC seek to fortify the enforcement of market rules and enhance resilience against market manipulation, fostering an environment of fair competition.

This collaboration represents a pivotal moment in enhancing the integrity of the Ukrainian energy market, ensuring transparency, and promoting a level playing field for all stakeholders. With joint dedication and coordinated actions, the two organizations aim to create a more secure and equitable energy market that benefits consumers and industry participants in Ukraine and beyond.