Competition Market Study of Ukraine's Electricity Sector

Competition Market Study of Ukraine's Electricity Sector

This market study analyses Ukraine's electricity sector from a competition perspective. It provides a detailed description and assessment of the regulatory framework within which the Ukrainian electricity markets operate, as well as an analysis of the obstacles to competition in the wholesale a...

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Detalles Bibliográficos
Autor principal: Organisation for Economic Co-operation and Development (author)
Autor Corporativo: Organisation for Economic Co-operation and Development, author, issuing body (author)
Formato: Libro electrónico
Idioma:Francés
Publicado: Paris : OECD Publishing 2023.
Edición:1st ed
Materias:
Energy security.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009754407506719
Tabla de Contenidos:
  • Intro
  • Preface by the EU Delegation to Ukraine
  • Preface by the Antimonopoly Committee of Ukraine
  • Foreword
  • Acknowledgements
  • Abbreviations and acronyms
  • Executive summary
  • 1 Context of the market study and introductory remarks
  • References
  • Notes
  • 2 Main market features
  • 2.1. Electricity sector reforms
  • 2.2. Overview of the electricity sector
  • 2.2.1. Electricity consumption
  • 2.2.2. Generation capacity
  • Nuclear power
  • Thermal power
  • Renewables
  • Support for renewables
  • 2.2.3. Transmission and distribution
  • 2.2.4. Electricity suppliers
  • 2.2.5. Cross-border trade
  • References
  • Notes
  • 3 Market functioning and regulatory framework
  • 3.1. Wholesale market
  • 3.1.1. Bilateral agreement market
  • Special section
  • Commercial section
  • Two-way continuous auctions
  • Auction rules
  • 3.1.2. Day-ahead and intraday markets
  • Trading sequence
  • Price and volume limits
  • Main market participants
  • 3.1.3. Balancing market and ancillary services
  • Balancing market
  • Ancillary services
  • 3.2. Retail market
  • 3.2.1. Regulated price segment
  • 3.2.2. Unregulated price segment
  • 3.3. Public service obligations
  • 3.3.1. PSO for households
  • 3.3.2. PSO for renewables
  • References
  • Notes
  • 4 Assessment of the wholesale market
  • 4.1. Concentration and market segmentation
  • 4.2. Market power
  • 4.2.1. Exercise of market power
  • 4.2.2. Market integrity and transparency
  • 4.2.3. Market power in Ukraine
  • 4.3. Liquidity
  • 4.4. Regulatory intervention affecting competition
  • 4.4.1. Wholesale price caps
  • Price distortions
  • Cost recovery and hidden costs
  • Focal points for tacit collusion
  • No scarcity pricing and the "missing money" problem
  • Limitation on cross-border commercial electricity flows
  • European price limitation practices
  • 4.4.2. Public service obligations
  • PSO for households.
  • PSO for renewables
  • 4.4.3. Rules for the bilateral agreement market
  • 4.5. Barriers to entry
  • 4.5.1. Non-replicable access to resources and limits to potential generation investment
  • 4.5.2. Nominal overcapacity in the power system
  • 4.5.3. Debt accumulation
  • References
  • Notes
  • 5 Assessment of the retail market
  • 5.1. Business segment
  • 5.1.1. Supply at unregulated prices
  • 5.1.2. Supply at approved prices
  • 5.1.3. Competition in the business segment
  • 5.2. Household segment
  • 5.2.1. Reasons for price regulation
  • 5.2.2. Costs and benefits of price regulation
  • 5.2.3. Effects on competition
  • References
  • Notes
  • 6 Other issues
  • 6.1. Market monitoring and surveillance
  • 6.1.1. Market monitoring
  • 6.1.2. Market surveillance
  • 6.2. Electricity generation from renewable energy sources
  • 6.2.1. Efforts to fight climate change
  • 6.2.2. Cost competitiveness
  • 6.2.3. Power system flexibility and prices
  • 6.2.4. Moving towards competition
  • 6.2.5. Moving towards a level playing field (guarantees of origin)
  • 6.3. Integration with EU energy markets
  • 6.3.1. Current status and recent developments
  • 6.3.2. Functioning of cross-border trade
  • 6.3.3. Market integration and competition
  • References
  • Notes
  • 7 Conclusion and recommendations
  • 7.1. Promote competition in the wholesale electricity market
  • 7.1.1. Improve price formation
  • Remove price limits
  • Revise technical price limits
  • Allow negative market prices
  • 7.1.2. Reduce market segmentation
  • Reduce market segmentation to increase liquidity
  • Promote direct marketing by RES producers
  • 7.1.3. Other steps to improve market function
  • Improve market surveillance
  • Increase market transparency by improving the quality of reporting
  • Provide potential investors with reliable information on long-term generation capacity developments.
  • Promote liquidity on the DAM
  • Carry out an independent evaluation of bilateral electronic auctions on the Ukrainian Energy Exchange
  • Promote demand side response by consumers
  • Allow long-term commercial power purchase agreements for new generation capacity
  • 7.2. Promote competition in the retail electricity market
  • 7.2.1. Phase out regulated prices for households
  • 7.2.2. Simplify and improve ways to switch suppliers
  • 7.2.3. Improve transparency of supply contracts in the business segment
  • 7.3. Promote RES generation and market participation
  • 7.3.1. Develop incentives for current and future RES producers to participate in the balancing market by providing balancing services
  • 7.3.2. Implement a certification mechanism for electricity produced from RES (guarantee of origin)
  • 7.3.3. Create a level playing field for zero-carbon generation technologies
  • 7.3.4. Support for new (non-residential) RES facilities should be granted solely through competitive auctions
  • 7.3.5. Evaluate the cost-effectiveness of feed-in premiums vs. feed-in prices for RES auctions
  • 7.4. Cross-border market integration
  • 7.4.1. Increase interconnection capacity to work towards the EU target of at least 15% by 2030
  • 7.4.2. Work towards full market coupling
  • Notes.

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