NEURC
The NKREKP (National Energy and Utilities Regulatory Commission) is Ukraine's state regulatory body responsible for tariff policy, licensing and oversight in the electricity, heat supply, oil and gas sectors, as well as in centralised water supply and wastewater. It operates as a permanently functioning central executive body with a special status, headquartered in Kyiv.
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European Commission Proposes €8.04 Billion for Ukraine Under Ukraine Facility
The European Commission has proposed allocating €8.04 billion to Ukraine under the Ukraine Facility, with an estimated net payment of about €7.8 billion after previously disbursed advance funding is deducted. The proposal covers partial disbursements for the fourth, seventh, eighth and ninth tranches and still requires approval from the Council of the EU, expected by the end of December.
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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.