The Verkhovna Rada adopted a government bill "On Ukrainian electricity market" on first reading, according to a QHA correspondent.

237 deputies supported the corresponding document No.4493.

“The system that we are using today led to a debt of 27 billion UAH. Can this system function properly? No! Therefore, we are obliged to change the format ... The new law will create a competitive electricity market and provide an opportunity to reduce electricity prices in the medium term,” said the Minister of Energy and Coal Industry Igor Nasalik presenting the document.

The bill on the electricity market introduces the norms of the Third Energy Package of the EU, including separation of companies in areas of distribution and transmission of electricity.

September 1, the electricity tariffs increased in Ukraine. Plan for a phased increase in electricity tariffs was introduced under the Resolution of the National Commission, regulating state field of energy and utilities, since February 22, 2015. According to the document, starting from September 1 this year, the most thrifty urban citizens that consume up to 100 kilowatt-hours per month, will pay 0.71 UAH per kilowatt-hour, whereas previously paid 0.57 UAH. For those who use between 100 and 600 kWh, the rate rose from 0.99 to 1.29 UAH per kilowatt-hour. The amount in excess of 600 kilowatt-hours per month will cost UAH 1.64 per kilowatt-hour instead of the previous 1.56 UAH