EU energy community lacks credibility: commission set up to tighten control over Ukraine's energy sector

30 January 2023, 15:26 | Economy
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The most influential energy organization in Europe, the Energy Community, has decided to strengthen monitoring of the Ukrainian energy sector and has created a commission that will monitor the energy market and corporate governance in the Ukrainian energy sector. This was reported on the organization's website..

" consolidate its monitoring functions, the Secretariat (Energy Community, - ed.. ) created the Observatory point of the energy market of Ukraine. The Observatory will closely monitor and review all developments related to the energy market and corporate governance in Ukraine..

"

At the same time, it is noted that the assessments of the situation compiled by the Observatory will be published "

Recall that the biggest scandal with corporate governance at the enterprises of the energy sector of Ukraine occurred in 2021 with NJSC Naftogaz of Ukraine. As a result, the company did not have a supervisory board for almost a year and a half..

In July 2022, creditors did not agree to the debt restructuring requested by Naftogaz, and the company entered a state of technical default. On November 1, the head of NJSC Naftogaz of Ukraine, Yuriy Vitrenko, wrote a letter of resignation.

In September 2022, the principles of corporate governance in Ukraine were again called into question. Now the Supervisory Board of the "

In addition, a number of market sources reported on attempts to replace the head of Ukrenergo Vladimir Kudrytsky.

It should also be mentioned that after the appointment of Andriy Yermak as the head of the president’s office at the beginning of 2020, a change of top managers began in the main energy institutions of Ukraine. Banking confidently transferred energy to manual control. First Energoatom, then NKREKU, Guaranteed Buyer, Market Operator, GTS Operator of Ukraine.

As ZN wrote.

UA, in all these stories, the influence of Energy Minister German Galushchenko was obvious.

At the end of this January, rumors began to circulate in the media about the resignation of the minister, which could be the result of the very lack of trust, the need to strengthen which is mentioned in the message of the Energy Community.

However, in the government offices they hastened to refute these rumors, saying that the resignation of the minister is nothing more than a Russian special operation..




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