Legal framework for BM and ASM is regulated by the Law of Ukraine “On Electricity Market”. To implement provisions of the Law, the National Commission for State Regulation of Energy and Public Utilities of Ukraine has approved the framework subsidiary laws, in particular,
- Market Rules (NEURC Resolution dated 14 March 2018 No. 307).
- Transmission System Code (NEURC Resolution dated 14 March 2018 No. 309).
- Pricing Methodology for Ancillary Services (NEURC Resolution dated 26 April 2019 No. 635).
- “On the Actions of Electricity Market Participants during the Quarantine Period and Restrictive Measures Related to the Spread of Coronavirus Disease (COVID-19)” (NEURC Resolution dated 8 April 2020 No. 766).
ENTSO-E Legal Framework
“Agreement on the Conditions for Future Interconnection of Power System of Ukraine and Moldova with Power System of Continental Europe” was signed on 28 June 2017 for the integration of the power system of Ukraine into the ENTSO-E of Continental Europe in the operation mode. For this reason the Law and subsidiary laws were developed in strict compliance with ENTSO-E requirements.