KYIV, May 27 – The Delegation of the European Union to Ukraine and the Resident Representation of the European Investment Bank (EIB) recommend postponing the introduction of the new wholesale electricity market for a limited period of time.

"The EU Delegation to Ukraine and the Resident Representation of the European Investment Bank recommend postponing the introduction of the new wholesale electricity market for a limited period of time as important regulatory rules and IT systems are not yet ready. On this basis, launching the new market on 1 July is likely to cause market malfunctioning and therefore be counterproductive to the interests of Ukrainian consumers and market participants," they said in a joint statement.