National Commission for State Regulation of Energy and Utility Services
The National Commission for State Regulation of Energy and Utility Services (NKREKP) is the Ukrainian central-government body that regulates the country's energy and utilities markets. It sets tariffs for electricity, natural gas, heat and water, issues licences to companies operating in these sectors, and monitors compliance with market rules. The commission is a permanent collegial body whose decisions bind utilities and other operators in the spheres it oversees. It reports to the Verkhovna Rada and the President of Ukraine.
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Ukraine's parliament backs reboot of energy regulator in first reading
On 16 September, the Verkhovna Rada adopted draft law No. 14282 in its first reading, with 249 MPs voting in favour. The bill aims to strengthen the independence of the National Commission for State Regulation of Energy and Utility Services (NKREKP) and set the stage for a full reboot of the regulator after adoption. It also responds to a major corruption case in the energy sector by seeking to remove associates of the implicated figures from the body.