The Cabinet has approved changes to the Action Plan to implement the Ukraine’s commitments to the Energy Community in order to create conditions that will help accelerate the European integration of the Ukrainian energy sector, and improve the domestic energy market, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

According to the Ministry of Energy and Coal Industry of Ukraine, which has drafted the document, its adoption will ensure the effective organization, quality monitoring, as well as the necessary coordination of central bodies of executive power and the Energy Community Secretariat.

In accordance with the Protocol concerning the accession of Ukraine to the treaty establishing the energy community, ratified by Parliament in December 2012, our country has to implement some of the EU Directives, which set forth general rules for functioning of energy markets and statistics in the fuel and energy sector. In particular, this applies to European standards for creation of oil reserves and incentive mechanisms to encourage use of energy from renewable sources.

The new Action Plan envisions that by Dec. 1, 2022 the domestic regulatory framework will have been aligned with the Directive 2009/119/EC of 14 September 2009 on obligations of the European Union in maintaining minimum stocks of crude oil and/or petroleum products.

By 2020, Ukraine should have developed a National Plan of Action for production of energy from renewable sources.

By Dec. 1, 2013, Ukraine shall have integrated in the Ukrainian legislation the provisions of Directive 2008/92/EC of the European Parliament and of the Council of Oct. 22, 2008 concerning a Community procedure to improve the transparency of gas and electricity prices charged to industrial end-users. And also by December 2013, Ukraine needs to have developed a plan of implementation of the Directive 2009/28/EC of 23 April 2009 on the promotion of the use of energy from renewable sources.

The Cabinet of Ministers believes it is realistic to increase to 15% the share of renewable energy in Ukraine by 2020.

This year was a turning point for renewable energy sources (RES). After all, the total capacity of solar power plants in the world exceeded the milestone of 100 gigawatts, and innovative energy boom has spread from Europe to other countries, including Ukraine.

In 2013, the total installed capacity of solar power plants (SPP) in Ukraine is up 51.4%, to 494 MW. It should be noted that in 2010 the total capacity of SPP was less than 3 MW. And in the field of wind farms (WF) Ukraine could be an example for other countries, as today the pace of development of wind power generation, our country ranks second in the world, and this year the total power generated at wind farms will reach 500 MW.

Now more than 100 investment projects of solar and wind energy plants with total capacity of over 1,380 MW are in the final stages of realization in Ukraine. This has helped to reduce consumption of imported energy by 10% and replace them with energy from their own renewable energy sources.

Experts say the bottom line is that in the Ukrainian RES sector, market mechanisms become increasingly important, as opposed to government ones.

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