KCSA: launching of new electricity market on July 1 threatens national security of Ukraine

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Open source

Deputy Head of the Kyiv City State Administration (KCSA), Petro Pantelieev said that launching of a new model of the electricity market from July 1 and the simultaneous termination of the existing payments system could lead to a halt in the capital’s thermal power station-5, along with possible risks for the country’s energy system stability.

“Thermal power station-5 has been in operation for above 50 years! Today we face a risk of interruption of its operation with all the technogenic consequences”, the official said.

According to Pantelieev, launching a new electricity market on July 1 will result in destroying of the existing electricity payments system, with no new payment system developed.

“It is obvious that termination of the existing system will provoke a huge deficit of working capital for electricity payments with its producers”, the deputy chairman of the KCSA believes.

According to him, both the thermal power station and plant and stability of the national energy system are at stake, and that is a matter of national security.

As reported by The Journalist, Zelensky submitted a bill to the Parliament to postpone launch of Ukraine’s electricity market for a year.

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