Publication date: 28.05.2024
Legal regulation of the energy sector
The energy sector is one of the most important sectors of the economy, which ensures the functioning of all other sectors and significantly affects national security, economic development and the welfare of citizens.
Legal regulation of the energy sector includes a set of normative acts that define the rules and principles for the functioning of energy markets, ensure environmental protection and promote sustainable development.
The main regulatory acts are
National laws
In Ukraine, legal regulation of the energy sector is carried out through a number of laws, among them:
Law of Ukraine "On the Electric Energy Market" . Establishes the legal, economic and organizational basis for the functioning of the electric energy market.
Law of Ukraine "On Natural Gas" . Defines the legal and economic basis for the functioning of the natural gas market.
Law of Ukraine "On Alternative Energy Sources" . Aimed at the development and support of the use of renewable energy sources.
By-laws
By-laws, such as resolutions of the Cabinet of Ministers of Ukraine, orders of the Ministry of Energy of Ukraine and others, detail and concretize the provisions of laws, establishing technical standards, licensing rules, tariffs and other aspects.
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Regulatory bodies
National Commission carrying out state regulation in the spheres of energy and public utilities (NKREKU)
NCRECO is the central executive authority regulating activities in the spheres of energy and public utilities.
The main functions of the NKREKU include:
Setting tariffs for energy carriers and public utilities.
Licensing of activities of economic entities in the energy sector.
Control over compliance with legislation in the energy sector.
Ministry of Energy of Ukraine
The Ministry of Energy of Ukraine forms the state policy in the field of energy, develops strategic documents, coordinates the activities of state enterprises and organizations in this field.
International agreements and cooperation
Ukraine is a party to a number of international agreements and organizations affecting the legal regulation of the energy sector:
Energy Community. The aim is to create a joint energy market between the European Union and the countries of South-Eastern Europe.
Treaty Establishing the Energy Community. Establishes a legal framework for the integration of energy markets.
Paris Agreement. Obliges member countries to reduce greenhouse gas emissions and promote green energy.
Environmental aspects
Legal regulation of the energy sector also includes environmental norms and standards aimed at minimizing the negative impact of energy activities on the environment. The main legislative acts in this area include:
Law of Ukraine "On Environmental Protection".
Law of Ukraine "On Environmental Expertise".
Law of Ukraine "On Environmental Impact Assessment".
Conclusion
The legal regulation of the energy sector in Ukraine is a complex system that includes national laws, by-laws, activities of regulatory bodies and international obligations. It is aimed at ensuring the stable and efficient functioning of the energy sector.
