Population	46,37 million
GDP/Capita	$2464
Generation	Fossil fuel 45% Nuclear: 50% Hydro: 5%
Electricity Market Size	161,308 TWh/year
	9183 GWh; Hungary is the main trading partner
Surplus Installed Capacity over Demand
Net Electricity Importer

• Established in 1994, 348 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.

• Independent System Operator
• 1 high voltage transmission company (owns cross-border power lines)
• 37 energy generators that sell generated electricity to the Wholesale Electricity Market of Ukraine.
• 35 – suppliers at regulated tariffs
• 282 suppliers at non-regulated tariffs, out of them 71 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
• Inefficient and antiquated transmission and distribution network that causes high level technical losses
• Tariffs for residential consumers cover less than 43% of long-run marginal costs
• 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
• Making residential tariffs economically grounded is a primary task of the Commission. At present, the issue of increasing tariffs is being examined on the level of the Government