The Energy Transparency Index (ETI) is developed to assess the actual status of information availability in the sector and to diagnose gaps. The main “beneficiaries” of transparency in the energy sector are the final consumers, as their awareness directly affects the ability to protect their rights. A strong interest exists among businesses, including investors who seek better conditions for working in a competitive environment. The Index will be interesting to public officials whose goal is improving regulations in terms of information disclosure, and foreign partners who will obtain understanding of energy policy in Ukraine.
The Index covers 287 indicators grouped into 8 categories and based on specific requirements of European and national legislation, as well as best global practices. The assessment was conducted solely on the basis of processing data from open sources and is focused on three components: energy markets performance, information on consumption, and cross-sectoral categories that shape the framework conditions in these markets.
The final score of Ukraine – 43 of 100 possible – indicates the insufficient transparency. Information gaps discovered in the course of the assessment and various shortcomings in providing information are the basis for specific recommendations, which are presented at the end of each section of the Index.
Particular attention should be paid to reforms in the gas and electricity sector, as the liberalization of these markets should provide better conditions for transparency both for natural monopolies (system operators) and for players in the wholesale and retail markets. Other important areas of improvement include corporate reporting, particularly non-financial reporting, information on payments and quasifiscal transactions, as well as greater transparency of government activities in the design and implementation of energy policy.
Detailed assessment table of Energy Transparency Index download