Energy Club, the largest business community of energy companies in Ukraine, has updated the Energy Market Performance Index. This quarterly index serves as a pivotal mechanism for facilitating dialogue between the corporate sector and governmental bodies, based on survey data collected from Energy Club members.
Key Metrics:
Key Metrics:
- Validity of NEURC Decisions: Elevated from 3.86 to 4.48
- Consistency in NEURC Decisions: Advanced from 3.14 to 4.03
- Objectivity of NEURC Decisions: Rose from 3.28 to 4.06
- Quality of NEURC's Engagement with Market Stakeholders: Ascended from 3.00 to 3.4
- NEURC's Consideration of Stakeholder Interests Amidst Warfare: Dipped from 5.14 to 5.03
- NEURC's Initiatives to Enhance the Electricity Market: Declined from 6.21 to 5.6
Average Scores:
- Previous Period's Energy Market Performance Index: 4.11
- Energy Market Performance Index, August 2023: 4.43
Every quarter, members of the Energy Club complete a six-question survey*. Each response is allocated a score ranging from 0 to 10. The Energy Market Performance Index is then computed by averaging these scores across all completed surveys.
Interpretation of the Index:
Energy Club is committed to enhancing the synergy between the business community and governmental agencies. This index is an integral part of that commitment and aims to address key challenges in the energy sector.
Interpretation of the Index:
- Below 4: Discrimination against market participants
- Between 4 and 7: Market in transformation
- Above 7: Market liberalized as per best European standards
- According to Energy Club's rating scale, the index score of 4.43 signifies that Ukraine's energy market is currently undergoing transformation.
Energy Club is committed to enhancing the synergy between the business community and governmental agencies. This index is an integral part of that commitment and aims to address key challenges in the energy sector.
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