Population	46,16 million
GDP/Capita	$2674
Generation	Fossil fuel 45% Nuclear: 49% Hydro: 6%
Electricity Market Size	160,931 TWh/year
Amount of electricity export	6732 GWh; Hungary is the main trading partner

• Established in 1994, 371 staff members
• Mr. Valeriy Kalchenko was appointed as Chairman in December 2007. 
• Five commissioners appointed by the Cabinet of Ministers of Ukraine for the term of six years. Commissioners can be re-appointed for a second term. 
• The NERC is responsible for promotion of competition in all aspects of the energy industries while protecting the interests of consumers. Full authority over licensing and tariffs, but wholesale tariffs are to be established competitively by the energy market.
• The NERC is financed from the national budget.

Electricity Market Structure

• Independent System Operator
• 1 high voltage transmission company (owns cross-border power lines)
• 40 energy generators that sell generated electricity to the Wholesale Electricity Market of Ukraine.
• 36 – suppliers at regulated tariffs
• 276 suppliers at non-regulated tariffs, out of them 65 purchase electricity in the wholesale market
• State owned wholesale electricity market established in 1996
• A single buyer model

• Privatization of the regional distribution companies and thermal power plants.
• Problems with arrears for electricity accumulated during previous years.
• Cross subsidies – the population is subsidized at the expense of the industry, rail road transport, budget and other commercial consumers.
• Conversion from the “single buyer” market to bilateral contract market with balancing market.
• Reconstruction and modernisation physically and the obsolete equipment of thermal power stationsю
• Tariffs for residential consumers cover about 30% of long-run marginal costs
• Transition from the existing approach of definition of tariffs for transfer for the power distributive companies on the basis of annual revision of tariffs on a method "costs-pluses" to long-term stimulating regulation on a method of an establishment of a marginal level of the income and the comparative analysis taking into account observance of the quality standards of services in an electrical supply.
• Introduction of system of monitoring of indicators of quality of services in an electrical supply.
• Working out and introduction of normative and technical codes (the Code of the main networks, the Code of distributive networks, the Code of the account of electric energy), regulating mutual relations between subjects of electric power industry in corresponding sphere.
• Working out of standard base of functioning of the market of auxiliary services and its introduction.
• Participation in work of working groups of Council of bodies of regulation of Power Community (ECRB) on working out of standard base of Power Community