MAIN CHALLENGES OF REFORMING THE WHOLESALE ELECTRICITY MARKET IN UKRAINE

The reform of the wholesale electricity market (WEM) in Ukraine began in 2019 in order to create a competitive environment, attract investment and improve energy efficiency. In the context of the constant dynamics of the energy sector in Ukraine, the wholesale electricity market is a key element in ensuring the stability and efficiency of the country’s energy supply. The results of reforming this market play a decisive role in improving the energy system and contribute to ensuring the country’s energy security. At present, taking into account the difficulties arising in connection with energy reforms, the analysis of the results of the reform of the wholesale electricity market is of particular importance. The article discusses the principles of effective and transparent management, which is key to the stability and development of the energy sector. The reforms aimed at modernizing and expanding infrastructure, as well as improving governance and ensuring transparency, play an important role in achieving these goals. They will help improve the efficiency and reliability of electricity supply, reduce energy losses and stimulate investment in modern energy technologies and infrastructure. It is proved that the study of the system of reforming the energy sector and the development of new proposals for its improvement is a key task for the further development of Ukraine.